Omega Drops 'Gray Market' High Court Case Against Costco

Law360, New York (November 12, 2015, 9:27 PM EST) -- Watchmaker Omega has ended its decadelong copyright lawsuit against retail giant Costco over so-called "gray market goods," voluntarily dropping a bid for a second trip the U.S. Supreme Court.

Omega SA voluntarily dismissed its petition asking the high court to overturn a January ruling by the Ninth Circuit in favor of Costco Wholesale Corp., finally putting to rest a case filed in 2004 over "gray market" Omega watches — authentic items that Costco legally purchased overseas but then imported and sold in the U.S. against the watchmaker's wishes.

The high court's clerk formally dismissed the petition on Nov. 6, which was...

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