Tiffany & Co. settles nearly decade-long Costco lawsuit Posted July 20, 2021 | By Arabella Roden ⢠Editor Months after a $US21 million ($AU29 million) verdict against Costco was overturned, Tiffany & Co. has settled its eight-year lawsuit with the discount retail chain. The terms of the settlement have not been disclosed, however Reuters quotes David Bernstein, a legal representative for Costco, as saying the two companies “amicably resolved their dispute”. Notably, Reuters also states that Tiffany & Co. – which was acquired by French luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) in January – recently attained new legal representation. "The terms of the settlement have not been disclosed, however Reuters quotes David Bernstein, a legal representative for Costco, as saying the two companies 'amicably resolved their dispute'"