Tiffany Slams Costco For Genericide Claim

Law360, New York (April 18, 2013, 6:16 PM EDT) -- Tiffany & Co. blasted Costco Wholesale Corp. on Wednesday over the retailer's recent claim that “Tiffany setting” is now a merely generic term name for engagement rings, calling it an “incredible” assertion by a company caught “red-handed” in trademark infringement.

Tiffany sued Costco in February for allegedly using its trademarked name to sell unauthorized diamond rings. But the discount retailer fought back last month, claiming the term had become an industry-standard, generic term for a popular type of pronged gem mount created by Charles Tiffany in...
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