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Pinnacle Wins Decision In DBL Dispute

2/22/2012 03:57:19 PM Eastern

Hauppauge, N.Y. - Premium loudspeaker manufacturer Pinnacle
Speakers has won a monetary award from DBL Distributing and its parent Ingram
Micro for unauthorized distribution online.

An arbitration panel in New York determined that DBL sold
Pinnacle's products to e-tailers in violation of an authorized distribution
agreement. The action harmed the vendor's business value, the panel found, and
ordered the distributor to compensate Pinnacle for damages and legal expenses.

The amount of the award was not disclosed.

"We hope this victory signals our resolve that we will not
tolerate our brand being sold and tarnished through unauthorized and
uncontrolled online businesses," said Pinnacle sales and marketing VP Mickey
Rothenberg. 

Ingram Micro, in a statement issued to TWICE, said, "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."

Pinnacle, based here, describes itself as the second-oldest
independently owned and operated speaker manufacturer in the U.S.

Ingram Micro, a Fortune 100 company, described itself as the
world's largest technology distributor and a leading technology sales,
marketing and logistics company for the IT industry worldwide. Its DBL division
is one of the nation's top distributors of CE accessories and related products,
with more than 32,000 retail customers nationwide.

 

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