High Court Split in Costco Copyright Case

The Supreme Court said Monday that it deadlocked by a 4-4 vote and will not decide a copyright infringement case involving Costco Wholesale (NYSE:COST) over reselling luxury imported Swiss-made watches produced by a Swatch Group unit.

In a case between the top U.S. warehouse club and the world's largest watchmaker (NYSE:SWGAY), the justices simply affirmed a U.S. appeals court ruling that Swatch's Omega unit retained the rights to watches it made and sold abroad that later were imported into this country.

Continue Reading Below

The Supreme Court's action was not a ruling on the merits of the dispute and it does not set a national precedent, but it does have the result of resolving the case in Omega's favor.