Published:
Procter & Gamble Reaches Settlement on Patent Infringement Lawsuit
CINCINNATI, Jan. 6, 2009 /PRNewswire/ -- The Procter & Gamble Company
(NYSE: PG) and Fruit of the Earth have reached a settlement in the lawsuit P&G
filed on December 12, 2007 against Fruit of the Earth for trade dress and
patent infringement on its Olay Regenerist brands. The parties have agreed to
a Consent Judgment in which Fruit of the Earth recognized the validity of
P&G's rights in the Olay Regenerist Trade Dress and certain of P&G's patent
rights identified in the lawsuit. Fruit of the Earth has also agreed to revise
its product offerings. The remaining terms of the agreement were not
disclosed.
"P&G is committed to developing and manufacturing branded products that
delight consumers and deliver incredible value. We don't make our Olay
formulas or quality available under any store brand. P&G will continue to
vigorously protect our proprietary formulas and the trade dress that consumers
associate with the brands they trust," said Steve Jemison, P&G's chief legal
officer.
About Procter & Gamble
Three billion times a day, P&G brands touch the lives of people around the
world. The company has one of the strongest portfolios of trusted, quality,
leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R),
Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Gain(R), Pringles(R),
Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R),
Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R), Braun(R) and
Fusion(R). The P&G community includes approximately 138,000 employees working
in over 80 countries worldwide. Please visit http://www.pg.com for the latest
news and in-depth information about P&G and its brands.
SOURCE Procter & Gamble
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Copyright © 2009, NewsBlaze,
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