Ending 13 years of litigation, Manatt, Phelps & Phillips has agreed to pay $25 million in damages to Los Angeles businessman Stewart Resnick and his wife, Lynda, in a case that began over trademark and advertising claims related to the late Diana Spencer, Princess of Wales.
The Resnicks once owned The Franklin Mint, which produced a commemorative plate, purse and porcelain doll using the princess’ likeness after she was killed in a 1997 car crash in Paris. Manatt and IP partner Mark Lee, representing Diana’s estate and a memorial fund set up in her name, sued The Franklin Mint for trademark dilution and false advertising, claiming that their client’s likeness had been used without permission to market memorabilia.
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