New York, NY (CNS) – Online jeweler OverStockJeweler.com has settled the trademark and copyright lawsuit brought by high-end jewelry companies after two years of legal motions and lengthy litigations.
The lawsuit was originally filed by Yurman Studio Inc. in Manhattan but was expanded to include Cartier, Van Cleef & Arpels, Bulgari, and Gucci.
The “inspired” jewelry website and its owner, Elena Castaneda, agreed to stop using the trademark names of the said jewelry companies under the terms of the settlement. Castaneda also agreed to remove several collections on the website that include the names “Albion, “Alhambra,” “Love,” “The Cable Collection,” and “Silver Ice,” among others.
A statement has been posted on OverStockJeweler.com’s website, saying, “Public Apology to David Yurman, Cartier, Van Cleef & Arpels, Gucci and Bulgari. OverstockJeweler.com and its President, Elena Castaneda, confirm the resolution of the trademark and copyright infringement lawsuits brought against them by David Yurman, Cartier, Van Cleef & Arpels, Gucci and Bulgari.”
“Overstockjeweler.com and Castaneda apologize for the harm resulting from their unauthorized use of the trademarks and protected designs of David Yurman, Cartier, Van Cleef & Arpels, Gucci and Bulgari and have agreed not to make any such use in the future.”
An undisclosed “substantial cash component” was also paid by the online peddler to the companies.