An Indianapolis jury awards the Simon Property Group damages of $26.8 million in its trademark infringement case against the online comparison-shopping site.
MySimon, a subsidiary of CNET Networks, said it would contest the findings. CNET Networks is the publisher of News.com.
The verdict, rendered in federal district court, found that "MySimon" infringes the Simon Property's "Simon" trademark. Simon Property is an Indianapolis-based real estate development and management company.
"We were obviously very surprised and disappointed by the finding and believe that it was not supported by either the law or the facts," said MySimon chief executive Josh Goldman. According to MySimon, the judge presiding over the case has not yet entered judgment on the jury's verdict, nor has he ruled on Simon Property's request that MySimon relinquish its name.
Simon Property filed its lawsuit against MySimon in August 1999. MySimon became a CNET subsidiary in February of this year.