Published:
Ty Warner Vindicated of Alleged Witness Tampering
CHICAGO, March 6 /PRNewswire/ -- The 7th Circuit Court of Appeals recently
affirmed a jury's decision in favor of Ty on a trademark infringement claim
and reinstated a damage award of $713,000 that had previously been ordered
forfeited as a sanction for Ty's alleged tampering with a witness.
In 2000, Ty Inc., maker of the famous Beanie Babies(R) line of plush toys
sued Softbelly's Inc., a California plush toy maker, for trademark
infringement in connection with Softbelly's "Screenie Beanies" plush toys.
"We're happy that Ty Warner's good name has been cleared of witness tampering
and that the sanction imposed has been vacated," said James P. White, a
partner at Welsh & Katz, Ltd., who represented Ty Inc. in the case.
Founded in 1986 by Ty Warner, creator of the wildly popular Beanie
Babies(R), Ty is the world leader in the sale of plush toys. In addition to
Beanie Babies 2.0(R) and Beanie Babies(R), the company's product line
includes: Ty Girlz(TM), Bow Wow Beanies(TM), Pluffies(R), and Ty Classic.
The red Ty Heart Logo(R), recognized around the world, can be found on all Ty
products available at finer specialty gift retailers. Visit Ty on the Internet
at http://www.ty.com.
Welsh & Katz, Ltd. is a full-service intellectual property law firm known
for its impressive track record of success and the breadth of its
international practice. The Firm focuses on obtaining patents, trademarks and
copyrights; intellectual property litigation; protecting trade secrets;
product anti-counterfeiting; clearance opinions; and licensing transactions.
Additional information about the firm is available at
http://WWW.WELSHKATZ.COM.
SOURCE Welsh & Katz, Ltd.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,FIN,REA,LAW,IL-Ty-Warner-Vindicat
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