Investing.com - A federal judge ruled that Costco Wholesale Corporation (NASDAQ:COST)owes Tiffany $19.4 million, as reported by Reuters, for the illegal sale of counterfeit diamond engagement rings bearing the "Tiffany" name.
The amount owing is made up of $11.1 million, plus interest along with the $8.25 million in punitive damages awarded by a jury last October. Costco has also been ordered to stop selling anything that Tiffany did not make as "Tiffany" products.