PennEngineering® Executes Seizure Action Against FinExpress Fastener Co. Ltd.
On November 3, 2008, PennEngineering® executed a seizure action against FinExpress Fastener Co. Ltd. of Guangzhou, China. The action was taken to enforce an order issued by the United States District Court for the District of Nevada granting a default judgment and permanent injunction against FinExpress. The seizure action occurred at the National Industrial Fastener Show/West in Las Vegas, NV.
The judgment was issued as the result of FinExpress?s failure to respond to a complaint filed by PennEngineering in November 2007, which claimed that FinEx had infringed one of PennEngineering?s trademarks. The Nevada court ruled that PennEngineering was entitled to monetary damages and ordered that FinExpress immediately cease infringement of PennEngineering?s trademarks. This action is part of an ongoing strategy of PennEngineering to zealously protect its intellectual property rights, including patents, brand names, product markings, logos, copyrights, etc. PennEngineering invests heavily in innovation to provide its customers with leading edge products. These actions are aimed at protecting PennEngineering customers, assuring them that they are receiving genuine PEM products.
