Panel Rules For Pinnacle Against Ingram Micro CEFebruary 22, 2012 By Stephen Silver
In the action, contested in the Southern District Court of New York before a three-arbitrator panel, Pinnacle alleged "unauthorized selling of Pinnacle products on the internet, unfair competition and other breaches of their distribution agreement."
"We at Pinnacle Speakers, a family owned and operated company, were forced to protect our brand and our business against Ingram Micro, the 75th largest corporation in the United States, and we are proud that we won," Mickey Rothenberg, Pinnacle's vice president of sales and marketing, said as part of the announcement. "Our monetary award includes damages, plus attorney fees, plus our costs and expenses of this legal action.
The amount of the monetary award was not disclosed.
In a statement, Ingram Micro said that "the matter was resolved in a confidential settlement agreement between Pinnacle and Ingram Micro, and Ingram Micro was pleased with the outcome of that settlement.”