Burberry, TJX Settle Counterfeit Trademark Claims

By Nick Brown (June 24, 2010, 12:24 PM EDT) -- Off-price retail operator The TJX Cos. Inc. has settled a suit from designer label Burberry Ltd. accusing it of violating the Lanham Act and seeking an unfair competitive edge by selling clothes and accessories that unlawfully depicted Burberry's trademarks.

The parties agreed to drop all claims and bear their own costs of suit, according to a confidential stipulation signed Wednesday by Judge Richard M. Berman of the U.S. District Court for the Southern District of New York.

An attorney for Burberry said he was not authorized to comment on the record, while a representative for the company could not be reached...

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