Bill Text: NY A02501 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 2501

Introduced

Bill Title: Sets trademark remedies and increases the penalty for willful infringement to three times profits and damages.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to economic development [A02501 Detail]

Download: New_York-2023-A02501-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          2501

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 26, 2023
                                       ___________

        Introduced  by M. of A. VANEL -- read once and referred to the Committee
          on Economic Development

        AN ACT to amend the general business law, in relation to trademark reme-
          dies

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 1 of section 360-m of the general business law,
     2  as  amended  by  chapter  507 of the laws of 2014, is amended to read as
     3  follows:
     4    1. Any owner of a mark registered under this article  may  proceed  by
     5  suit to enjoin the manufacture, use, display or sale of any counterfeits
     6  or  imitations thereof and any court of competent jurisdiction may grant
     7  injunctions to restrain such manufacture, use, display or sale as may be
     8  by the said court deemed  just  and  reasonable,  and  may  require  the
     9  defendants  to  pay  to  such  owner all profits derived from and/or all
    10  damages suffered by reason of such wrongful manufacture, use, display or
    11  sale; and such court may  also  order  that  any  such  counterfeits  or
    12  imitations  in  the  possession or under the control of any defendant in
    13  such case be delivered to an officer of the court, or to  the  complain-
    14  ant, to be destroyed or donated. The court, in its discretion, may enter
    15  judgment  for  an  amount  [not  to exceed] three times such profits and
    16  damages and/or reasonable attorneys' fees of  the  prevailing  party  in
    17  such cases where the court finds the other party committed such wrongful
    18  acts  with  knowledge  or  in bad faith or otherwise as according to the
    19  circumstances of this case. The enumeration of any right or remedy here-
    20  in shall not affect a registrant's right to prosecute  under  the  penal
    21  law.
    22    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06198-01-3