Cost Plus, Inc. Files Lawsuit.Business Editors/Legal Writers OAKLAND, Calif.--(BUSINESS WIRE)--March 21, 2000 On March 17, 2000 Cost Plus, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CPWM CPWM Certified Public Works Manager (New Jersey state license) CPWM Controlled Pulsewidth Modulation ) filed a Complaint in United States District Court for the Northern District of California The United States District Court for the Northern District of California is the Federal district court whose jurisdiction comprises following counties: Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Monterey, Napa, San Benito, San Francisco, San Mateo, Santa against World2Market.Com, alleging that its recently-launched Internet website infringes on the Company's service mark and trademark rights in its WORLD MARKET brand. Founded 42 years ago, Cost Plus has consistently built its reputation on importing home furnishings and entertaining merchandise from all over the world. From specialty coffees and teas to a wide variety of decorative accessories, WORLD MARKET brand products are known for their uniqueness and great value. The Company is very proud of its trademarks, including its WORLD MARKET mark, and takes very seriously its obligation to protect and enforce its marks. The Company is also seeking a preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. against World2Market to prevent use of the WORLD2MARKET mark and domain name. World2Market recently filed a declaratory relief declaratory relief n. a judge's determination (called a "declaratory judgment") of the parties' rights under a contract or a statute often requested (prayed) for information in a lawsuit over a contract. action, alleging that Cost Plus does not have exclusive rights in the WORLD MARKET mark. The suit was filed in United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. in Washington. The complaint has not been served to date. Cost Plus does not believe that this lawsuit has any merit and will defend itself vigorously. Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of March 20, 2000, the Company operated 106 stores in 16 states. |
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