Amazon, Cashmere Group Sew Up IP Suit On Eve Of Trial
By Brian Dowling (December 7, 2021, 11:34 AM EST) -- A fast-tracked trial was averted late Monday on a cashmere industry group's claims that Amazon.com Inc. sellers are flooding the market with counterfeits of the luxury textile, as the e-commerce giant agreed to work together with the group to stop sales of the knockoffs.
The Cashmere and Camel Hair Manufacturer's Institute and Amazon told the court in a filing that they've agreed to resolve the lawsuit, which the group brought Nov. 18 in the lead-up to the Thanksgiving holiday and the Black Friday shopping event.
The group's false advertising and trademark claims had been headed for a trial starting Tuesday at the behest of Senior...
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