4th Jul 2013 07:00
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 |
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College Hill | Tel: +44 (0) 20 7457 2020 |
Jamie Ramsay Mark Reed |
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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.
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