|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||87.62 - 89.51|
|52 Week Range||66.35 - 97.29|
|PE Ratio (TTM)||24.81|
|Dividend & Yield||2.00 (2.24%)|
|1y Target Est||N/A|
Engagement rings may be a symbol of true love, but that doesn’t mean they’re real.
A federal judge on Monday said Tiffany & Co (TIF.N) may recover at least $19.4 million in damages from Costco Wholesale Corp (COST.O) over the warehouse club chain's illegal sale of counterfeit diamond engagement rings bearing the "Tiffany" name. U.S. District Judge Laura Taylor Swain said Tiffany deserves $11.1 million, plus interest, representing triple the lost profit from Costco's trademark infringement, plus the $8.25 million in punitive damages awarded by a jury last October. The Manhattan judge also permanently barred Costco from using "Tiffany" standing alone, in the absence of modifiers such as "setting," "set" or "style," to sell anything that Tiffany did not make.
Costco was just ordered to pay Tiffany & Co. $19.4 million after selling rings...