Friday, April 18, 2008

Cost Plus World Market and World Market Center settle trademark dispute over WORLD MARKET

I previously wrote (link here) about the trademark infringement lawsuit filed by Cost Plus World Market against the Las Vegas-based World Market Center over the mark WORLD MARKET CENTER. See Cost Plus Management Services, Inc. et al v. World Market Center Venture, LLC, Case No. 07-cv-00156 (D. Nev.). (Links to other news stories on the lawsuit can be found here, here, and here).

World Market Center in Las Vegas

The parties announced yesterday (link to press release here) that they have reached an agreement that will allow both businesses to continue to use their respective logos and names and which will dismiss the pending lawsuit.

Bob Maricich, president and chief executive officer of World Market Center, was quoted as saying:

I am very pleased that we were able to come to a fair and equitable resolution to these trademark and brand-related issues. We believe this agreement preserves the integrity of both brands and allows each of us to move forward with our unique and compelling business models.

Naturally, the terms of the agreement were not disclosed.

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