Online gaming operator 32Red has been awarded damages of £150,000 by the UK High Court in respect of its trademark action against William Hill.
The award follows 32Red's victory in the High Court in October 2010, with the UK's Court of Appeal backing that decision in January 2012 and dismissing William Hill's appeal.
The court held that the William Hill-owned 32Vegas business infringed two of 32Red's European community trade marks. William Hill failed in its counterclaim that the "32Red" and "32" trade marks should be invalidated.
The judge ordered that 32Red be granted an injunction against William Hill and ordered an inquiry to assess monetary damages.
Following a six day Damages inquiry which commenced on February 26th and was held before the High Court, a judgment was handed down Friday which confirmed that 32Red has been awarded damages of £150,000 in respect of its trade mark action against William Hill.
"The recovery of 32Red's significant legal costs, which have previously been expensed, will be considered in a hearing to be held in the coming weeks and the company will update shareholders accordingly," said 32Red in a statement to the London Stock Exchange.
Shares in 32Red plc (Co. Data) (AIM:TTR) have dropped 0.73 per cent to 54.60 pence per share in London this morning following the announcement late Friday.