The company has collected $500,000 in damages.
Verragio, a designer of engagement rings and wedding bands, reports that it has collected over $500,000 in damages for copyright infringement.
In the past 18 months, the company has sent cease-and-desist letters and filed lawsuits against more than 30 companies which it claims advertised or sold rings infringing upon its copyrights.
Verragio stated in a press release that it has obtained court judgments or entering into private settlements in more than 15 cases, with many other matters still pending.
According to the release: “In these settlements, the targeted companies acknowledge the validity of Verragio’s rights in Verragio’s copyrights. In addition, all of the targets made a financial payment to Verragio and agreed never to manufacture any ring which might infringe upon Verragio’s copyrights and nationally recognized ring designs.”
Owner Barry Verragio said the company’s authorized retail partners “expect us to protect their investment in Verragio.”
“By protecting our intellectual property, we are maintaining not only the integrity of the brand, but also the reputation of those retailers who represent it,” he said. “We are 100 percent dedicated to supporting our retail partners and will see to it that no one benefits from our exclusive designs besides Verragio and our authorized dealers.”