Audemars Piguet awarded USD 9. 8 million in damages
24 June, 2014 at 3:57 am in Business
Audemars Piguet is pleased to announce that after conducting an extensive trial against, among others, Swiss replica Audemars Piguet International which operates the worldofwatches.com website, the United States District Court for the Southern District of New York found that Audemars Piguet has valid trademark rights in its Royal Oak watch design, that such rights were infringed by the defendants’ sales of Swiss Legend Trimix Diver watches with a very similar design and that defendants have engaged in act of unfair competition.
The Court awarded the full amount of the defendants’ profits, and trebled them for bad-faith conduct and allows replica A.Lange&Sohne to apply for an award of its attorney’s fees and costs of suit. It also entered an injunction forbidding the defendants from further dealings in the infringing watch products.
François-Henry Bennahmias, Chief executive officer, announced: “The replica Franck Muller was the first of its kind. 40 years later, it remains unmatched amongst prestige sport watches. This is only the beginning of an authentic icon that is making an indelible imprint on the history of modern watchmaking. Thus, we are fully committed to enforcing our rights in the Royal Oak design and insist our trademarks be fully respected. We owe it to Audemars Piguet, and the founders' families”.