STOCK TITAN

SECOND CIRCUIT COURT OF APPEALS DENIES HAYLEY PAIGE GUTMAN'S PETITION

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

The Second Circuit Court of Appeals ruled against Hayley Paige Gutman in her appeal against JLM Couture, affirming that Ms. Gutman cannot use the Designer Name in trade and breached her employment contract. This ruling aligns with previous federal District Court findings, denying her claims for additional compensation. JLM Couture, operating under the ticker JLMC, designs and distributes bridal wear, with notable collections including Allison Webb and Hayley Paige Occasions.

Positive
  • The court's ruling solidifies JLM Couture's rights over the Designer Name, preventing potential brand dilution.
  • Affirmation of earlier court decisions strengthens JLM Couture's legal position and reduces future litigation risks.
Negative
  • None.

NEW YORK, March 4, 2022 /PRNewswire/ -- The Second Circuit Court of Appeals, in JLM Couture Inc. vs. Hayley Paige Gutman, denied appellant Ms. Gutman's petition to rehear her argument and her petition for a hearing en banc. The Appeals Court Order supports its earlier decision, as well as multiple federal District Court findings, that Ms. Gutman is not entitled to use the Designer Name in trade or commerce and that she breached her clear and unambiguous employment contract and is not entitled to any additional compensation.

ABOUT JLM COUTURE, INC.

JLM Couture, Inc. (OTC: JLMC) is a multi-label bridal house engaged in the design, manufacture, and distribution of bridal gowns and bridesmaids dresses. The company's bridal gown collections are Allison Webb, Francesca Avila, Hayley Paige, Lazaro, Blush by Francesca Avila, Tara Keely by Lazaro, and Ti Adora by Allison Webb. The bridesmaid collection is Hayley Paige Occasions.

Cision View original content:https://www.prnewswire.com/news-releases/second-circuit-court-of-appeals-denies-hayley-paige-gutmans-petition-301496024.html

SOURCE JLM Couture

FAQ

What was the ruling in JLM Couture Inc. vs. Hayley Paige Gutman?

The Second Circuit Court of Appeals denied Hayley Paige Gutman's appeal, confirming she cannot use the Designer Name due to breach of her employment contract.

What impact does the court ruling have on JLM Couture?

The ruling reinforces JLM Couture's control over its brand and protects it from unauthorized use of the Designer Name.

What is the ticker symbol for JLM Couture?

The ticker symbol for JLM Couture is JLMC.

When was the court's decision made regarding Hayley Paige Gutman?

The court's decision was made on March 4, 2022.

JLM Couture, Inc.

OTC:JLMC

JLMC Rankings

JLMC Latest News

JLMC Stock Data

1.00M
11.23%
Apparel Manufacturing
Consumer Cyclical
Link
United States
New York