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.
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