Swedish court rules for criminal conviction in SKF counterfeit court case Trademark infringement results in jail term Business Wire GÖTEBORG, Sweden -- February 4, 2013 A Swedish court has sentenced one person to a one-year jail term and a five-year ban from trade, and awarded damages to SKF, after finding him guilty of violation of Swedish trademark law in relation to the SKF trademark. The court found that he intentionally purchased counterfeit SKF products. The products were thereafter sold with a high profit margin to unknowing customers. The criminal and civil court case was the result of a police raid in March 2010 of stores in Stockholm and Avesta (located in the central parts of Sweden) where the police found thousands of counterfeit SKF products. SKF cooperated with the police in the identification of the counterfeit bearings. Counterfeit SKF products are non-SKF products illegally marked with the SKF trademark and packed in SKF-like packaging. Counterfeit industrial products like bearings can considerably reduce the service life of machinery and in the worst case endanger human lives. SKF is actively cooperating with law enforcement authorities around the world to facilitate legal measures against those involved in the trade of SKF counterfeit products. Gothenburg, 4 February, 2013 Aktiebolaget SKF (publ) SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com ® SKF is a registered trademark of the SKF Group. ™ BeyondZero is a trademark of the SKF Group. This information was brought to you by Cision http://www.cisionwire.com Contact: For further information, please contact: MEDIA HOTLINE: 46 31337 2400 or PRESS: Rebecca Janzon, Director, Press Relations tel: 46 31337 3880, mobile: 46 727-173880, e-mail: firstname.lastname@example.org or INVESTOR RELATIONS: Marita Björk, Director, Investor Relations tel: 46 31-337 1994, mobile: 46 705-181994, e-mail: email@example.com
Swedish court rules for criminal conviction in SKF counterfeit court case
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