Jibbitz, LLC Wins $56 Million Judgment for Intellectual Property Infringement
May 13 2008 - 8:01AM
Business Wire
Crocs, Inc. (NASDAQ: CROX) announced today that its wholly owned
subsidiary, Jibbitz, LLC, prevailed in its Federal copyright and
trademark infringement case against defendant Jinjiang Huakai Shoes
and Garments Co. Ltd., Jinjiang Jiaxing Shoes and Garments Co. Ltd.
and Yuanhui Chen and its principals. The Court granted an
injunction barring sales of infringing products by the defendants
and awarded damages in the amount of $56 million in addition to
attorney fees and other costs. The United States District Court in
Nevada 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, including all copyright rights
therein, and the defendants have a history of infringing on Jibbitz
copyrighted works. Jibbitz initially filed suit on this matter on
February 22, 2008. �We are satisfied by the Court�s decision,
further protecting the Jibbitz brand and copyrights,� stated Rich
Schmelzer, President of Jibbitz. �As an innovative company, we are
determined to protect our intellectual property. Moving forward, we
will continue to take the necessary measures to defend our
intellectual property against infringers.� This was the second
judgment in favor of Jibbitz in the last year, with a $1.8 million
dollar judgment awarded to Jibbitz in May 2007 after an
infringement ruling against Joinworld Industrial & Trading
Limited. About Crocs, Inc: Crocs, Inc. is a rapidly growing
designer, manufacturer and retailer of footwear for men, women and
children under the Crocs� brand. All Crocs� brand shoes feature
Crocs� proprietary closed-cell resin, Croslite�, which represents a
substantial innovation in footwear. The Croslite� material enables
us to produce soft, comfortable, lightweight, superior-gripping,
non-marking and odor-resistant shoes. These unique elements make
Crocs� footwear ideal for casual wear, as well as for professional
and recreational uses such as boating, hiking, hospitality and
gardening. The versatile use of the material has enabled us to
successfully market our products to a broad range of consumers. In
2006, the company acquired Jibbitz, LLC, a unique accessory brand
with colorful snap-on products specifically suited for Crocs shoes.
Today, more than 1,600 Jibbitz designs are available to consumers
for personalizing and customizing their Crocs� footwear. Please
visit www.crocs.com for additional information.
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