BrandFX (BFX) issued a press release on August 5, 2011 announcing that it just received a $2,400,000.00 check from its competitor, Astoria Industries of Iowa, Inc. (Astoria) Asset purchase? Licensing fees? Debt repayment? Nope, nope and nope.
That check was for a damages and attorneys’ fees award for trade dress infringement and false advertising under the Lanham Act, as well as common law misappropriation under Texas law. According to the press release, the litigation took seven… [read post