By  on March 14, 2005

Louis Vuitton Malletier and Marc Jacobs International have reached a settlement in their dispute with The Wet Seal regarding sales of knockoff handbags. On Feb. 24, Manhattan Federal Court Judge Louis L. Stanton dismissed the lawsuit based on the terms of the settlement agreement. Details were not disclosed. Vuitton and Jacobs filed their original complaint in September, accusing the teen retailer of selling copies of Vuitton’s “Theda” and “Sac de Nuit” handbags, as well as a copy of Marc Jacobs’ “Venetia” bag. The items were sold at Wet Seal’s Arden B. stores, according to the complaint.

Payless Shoesource Worldwide has filed suit against Target Corp. in federal court in Kansas, accusing the mass retailer of violating the terms of a 1999 agreement between the companies dictating the manner in which the words “Pay Less” may be used. Payless holds trademark rights for the phrases “Look Smart. Payless,” and “Buy More, Payless,” according to the complaint filed on Feb. 23.

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