Originally filed in 2007 at the U.S. District Court for the Southern District of New York in Manhattan by Yurman Studio Inc., the lawsuit against OverStockJeweler.com was expanded to include Cartier, Van Cleef & Arpels, Bulgari, and Gucci. As a result of this lengthy litigation, OverStockJeweler.com, along with its owner, Elena Castaneda, agreed to no longer use the trademark names of David Yurman, Cartier, Van Cleef & Arpels, Bulgari, and Gucci on the website under the terms of the agreement that was revealed last week, as reported by Women's Wear Daily. According to court filings both parties also agreed to settle the suit after Ms. Castaneda and the website agreed to remove several collection names that included "Albion", "Alhambra" "Love", "The Cable Collection," "The Thoroughbred Collection", "Silver Ice", among other names. According to plaintiffs, a confidential and "substantial cash component," was paid to them by OverStockJeweler.com.

However, OverStockJeweler.com does not appear to have experienced a major setback from the resulting agreement as the website continues to offer thousands of unique designs for sale. A nine-year veteran of the e-commerce industry, OverStockJeweler.com is based in New York City. In addition to the existing disclaimer on its website that states that "we respect the intellectual property rights of third parties, it is OverStockJeweler.com's policy to suspend the sale of any item claimed to be infringing, provided the third party owner offers reasonable substantiation of such claim", it has recently issued a published public apology on the its homepage. Paul F. Millus of Snitow Kanfer Holtzer & Millus Attorney for OverStockJeweler.com has noted on behalf of the company that "the dispute was amicably resolved."

Nevertheless, it appears that customers are still flocking to the "Inspired," jewelry website by taking advantage of the huge 50% off sale on all its top quality sterling silver cable jewelry from Taxco Mexico - a wonderful bargain in light of the economic climate. Are consumers affected by this settlement, you be the judge?