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Costco Ordered to Pay Tiffany $19.4 Million for Selling Rings With Iconic Name

A federal judge ordered Costco Wholesale Corp (COST) to pay Tiffany & Co (TIF) $19.4 million in compensatory and punitive damages Monday on allegations the wholesale retailer peddled diamonds bearing the "Tiffany" name, CNBC reported.

Manhattan judge Laura Taylor Swain barred Costco from selling anything marked as a "Tiffany" product without using an identifier such as "style," "setting," or "set." Costco...