Aug. 31 – Chicago Daily Law Bulletin
A recently released report by the U.S. Congress Joint Economic Committee Chairman’s Staff, the Casey Report, said three-fourths of the value of counterfeit goods seized in the United States from 2004 to 2009 were goods from China. In 2011 alone, U.S. Customs and Border Protection agents seized at least 24,792 counterfeit goods, representing about $1.1 billion in lost sales. The Casey Report describes a promised Joint Strategic Plan by the Office of the U.S. Intellectual Property Enforcement Coordinator (IPEC) as “an opportunity to improve the protection of intellectual property.” While we await IPEC’s new plan, there are several steps trademark owners can take now to start reducing the costs of counterfeiting.
Read more: Prof. Doris Long Discusses Counterfeit Goods