LOS ANGELES, Feb. 29, 2016 /CNW/ -- Following an international arbitration trial conducted before United States District Court Judge James Ware (Ret.), Brand Developers, Ltd. of Auckland, New Zealand, was ordered to pay Los Angeles-based Capital Brands, LLC. the sum of $2,955,768, plus attorneys' fees and costs, for breaching the parties' Exclusive Distribution and Licensing Agreement. Capital Brands, LLC., the owner of the internationally popular NutriBullet nutrient extractor blender, is a successful consumer direct, retail marketing, and distribution company.
Judge Ware found that Brand Developers had breached the parties' exclusive distribution agreement in Australia and New Zealand by selling similar products in direct competition with Capital Brands' line of NutriBullet nutrient extractor blenders. The net award to Capital Brands is expected to be approximately $2.5 million after including Capital's expenses and deducting offsets awarded to Brand Developers.
"We discovered that Brand Developers was selling products that competed with our innovative and best-selling NutriBullet, in direct violation of the exclusivity provision of our contract," said Capital Brands' CEO, Colin Sapire. "We feel vindicated by Judge Ware's decision to enforce our agreement and to award us damages."
Capital Brands was represented by R. Joseph Trojan of Trojan Law Offices (Beverly Hills); Brand Developers was represented in the arbitration by the law firms of Griffith Hack (Sydney, Australia), 5 Wentworth Chambers (Sydney, Australia) and Seyfarth Shaw LLP (Los Angeles).
About Capital Brands, LLC.
Capital Brands, LLC. is a Consumer Direct, Retail Marketing, and Distribution Company, and owner of NutriBullet nutrient extractor line of products. Launched in 2012 by Capital Brands, LLC., the NutriBullet is a premier high-performance nutritional smoothie maker that provides a quick, easy and delicious way to maximize vegetable and fruit intake on a daily basis.
Capital Brands' products are available at major North American retailers, including Wal-Mart, Costco, Canadian Tire, Target, Kohl's, Bed Bath and Beyond, and Macy's. It also sells products Worldwide through appointed distributors in Australia, New Zealand, Western/Eastern Europe, Latin America, and Asia.
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SOURCE Capital Brands, LLC.
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