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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