Court Rules in Favor of Live Nation

A federal court in Maryland yesterday ruled in favor of Beverly Hills concert giant Live Nation Entertainment Inc. and dismissed all claims in a lawsuit filed in 2009 by It’s My Party Inc. and It’s My Amphitheatre Inc., whose principal is concert promoter Seth Hurwitz. The lawsuit had alleged violations of federal and state antitrust laws.

Engel & Völkers Opens in Beverly Hills

Engel & Völkers, a luxury real estate services company based in Hamburg, Germany, recently opened an outpost in Beverly Hills’ famed Gold Triangle shopping district. Engel & Völkers Beverly Hills will provide services for both buyers and sellers of exclusive properties in Beverly Hills and the surrounding Los Angeles area.

Guess Licensee Settles Suit

Signal Products Inc., a Los Angeles company that manufactures luggage and accessories under licenses from Guess Inc. and other brands, has settled its suit seeking to force American Zurich Insurance Co. to cover more than $3.4 million in defense costs from a trademark dispute between Guess and Gucci America Inc., according to Wednesday filings in California federal court. Terms of the settlement were not disclosed.

Signal’s 2013 suit claimed that Zurich had breached its duty by refusing to pay the defense costs stemming from Gucci’s trademark suit against Guess, and also sought punitive damages.