Friday's ruling awarding a 10 percent running royalty to the sculptor of the Korean War Veterans Memorial followed a precedent-setting decision by the Federal Circuit that he deserved to be compensated based on the market value of a license to his design.
September 27, 2013 at 12:00 AM
1 minute read
WASHINGTON – The sculptor of the Korean War Veterans Memorial is entitled to nearly $685,000 in damages from the U.S. Postal Service’s unauthorized use of his copyrighted design on a stamp.
“The Court bases this conclusion on a finding that a 10 percent running royalty accurately captures the fair market value of a license to Mr. Gaylord’s copyright,” Judge Thomas Wheeler wrote for the U.S. Court of Federal Claims.
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