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GOODLIEU
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Collectors Universe, Inc. (Nasdaq: CLCT - News), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles and diamonds, has announced that the Orange County, California trial judge presiding over the action brought against the Company by a former employee, William Miller, has issued a final judgment that the statutory damages owed to plaintiff under California Civil Code Section 3344 are $0.00.
The judgment was entered pursuant to an agreement reached by the parties. The judgment also provides for the Collector's Universe to pay Miller the sum of $14,060, which the jury found were the profits earned by Collector's Universe for the use of Miller's name, and for Miller to pay Collector's Universe the sum of $37,812, representing the aggregate principal amount of certain loans that Collector's Universe had made to Miller while he was employed by Collector's Universe, but which he had failed to repay.
The judgment was entered pursuant to an agreement reached by the parties. The judgment also provides for the Collector's Universe to pay Miller the sum of $14,060, which the jury found were the profits earned by Collector's Universe for the use of Miller's name, and for Miller to pay Collector's Universe the sum of $37,812, representing the aggregate principal amount of certain loans that Collector's Universe had made to Miller while he was employed by Collector's Universe, but which he had failed to repay.
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