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Award of costs

4th Jul 2013 07:00

RNS Number : 5617I
32Red Plc
04 July 2013
 



32Red Plc

("32Red" or "the Company")

32Red awarded costs following High Court victory in trade mark dispute with William Hill 

Following a hearing held before the High Court on 10 June 2013, a costs order has now been made in 32Red's favour in respect of its trade mark action against members of the William Hill Group.

 

Along with the damages award itself, 32Red expects to receive payment of approximately £1.1m from William Hill. William Hill have made an interim payment of £800,000 and the balance (plus interest) will be due once the precise amount has been determined in an assessment.

 

Commenting on the case, Ed Ware, CEO of 32Red, said:

 

"Today's costs award marks the end of four years litigation that has seen all of 32Red's trade marks validated in the High Court and the removal of an infringing site from the market. The 32Vegas brand was damaging to our business and litigation was the only available solution. We are pleased that this situation has been successfully resolved and that the 32Red brand and Group strategy has been protected."

 

4 July 2013

 

Enquiries:

 

32Red Plc

Tel: +350 200 49395

Ed Ware, CEO

Jon Hale, Finance Director

 

 

 

College Hill

Tel: +44 (0) 20 7457 2020

Jamie Ramsay

Mark Reed

 

 

 

Numis Securities

Chris Wilkinson; Corporate Broking

Michael Meade; NOMAD

Tel: +44 (0) 20 7260 1200

 

Editor's note: In January 2011, the William Hill owned 32Vegas business was held to have infringed two of 32Red's European community trade marks and the judge ordered that 32Red be granted an injunction against William Hill.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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