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RAPAPORT... Press Release: Merit Diamond Corporation (Florida) has amicably resolved its lawsuit against Sterling Jewelers Inc. and Uni-Creation Inc., which was filed in the United States District Court for the Southern District of Florida. Sterling and Uni-Creation deny any liability or admission of wrongdoing in the lawsuit. As part of the settlement, the court entered a Consent Final Judgment, pursuant to which Sterling and Uni-Creation agree to refrain from manufacturing or selling jewelry pendants bearing the design of pieces from Merit’s Sirena® Collection. Pursuant to the settlement, Uni-Creation also agreed to pay Merit approximately $40,000 to cover Merit’s attorney’s fees and the profits earned by the defendants in connection with sales of the accused jewelry pendants.
Rapaport News is not responsible for, and does not endorse, the content of any third party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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