SANTA MONICA, Calif., Feb. 19, 2013 /PRNewswire/ -- Luxe Link LLC, the leading designer of high-end purse hook accessories, announced today settlement of its patent-infringement lawsuit against online retail giant Provide Commerce Inc.
Filed last year in Los Angeles federal court, Luxe Link's lawsuit alleged that Provide Commerce infringed Luxe Link's U.S. Patent Nos. 7,644,900 and No. 8,061,669 by selling infringing purse hooks on its RedEnvelope.com website in direct competition with Luxe Link.
Luxe Link will receive $350,000 for Provide Commerce's past sales and Provide Commerce agreed to stop selling infringing purse hook accessories. Instead, Provide Commerce now has the opportunity to offer authentic Luxe Link® purse holders to its customers.
"We are delighted with the resolution of our dispute with Provide Commerce. We will continue to enforce Luxe Link's patent rights in all markets where our patents have been granted," said Luxe Link CEO, founder, and inventor Kalika Yap. "Luxe Link has the right to protect our collapsible purse hook invention from unauthorized, lower-quality knock offs. This will help ensure that our properly licensed partners remain competitive. Our goal is to provide the highest quality purse hooks for our customers. This settlement is a step in the right direction."About Luxe Link: Luxe Link is the original portable handbag holder invented to keep women's precious handbags off the icky floor and always in view when at dinner or out on the town. No larger than a poker chip, Luxe Link's stylish, playful designs are light, easy to use and can double as a charm to bling your bag. Luxe Links are available for purchase at http://www.luxelink.com and fine retailers around the world. SOURCE Luxe Link