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06/05/07

Thursday, after the closing bell, Crocs Inc. said that its unit, Jibbitz LLC, prevailed in its Federal patent infringement case against defendant Joinworld Industrial & Trading Limited and its principals. The Court found that Jibbitz has developed creative and original designs for its shoe charms, Jibbitz owns all right, title and interest in its shoe charm designs. The Court awarded damages in the amount of $1.8 million in addition to attorney's fees and other costs.

Posted by GEN-ERIC at 02:34:27 am into the following categories: In The News


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