Molson Coors loses bid for retrial in $56 mln Stone Brewing trademark case

From Reuters:

Sept 25 (Reuters) - Beer giant Molson Coors (TAP.N) on Monday failed to convince a federal judge in San Diego to overturn a jury's decision that the company owes $56 million for violating craft brewery Stone Brewing's trademark rights.

U.S. District Judge Roger Benitez said that Molson Coors was not entitled to a new trial or a court ruling in its favor, rejecting its arguments that the evidence did not support the verdict.

Benitez also denied Stone Brewing's motion for a new bench trial on its allegations that Molson Coors used the "Stone" name in bad faith, which could have justified additional damages.

Molson Coors spokesperson Rachel Dickens said the company disagreed with the decision and is evaluating its options, including a potential appeal. Representatives for Stone Brewing did not immediately respond to a request for comment on the decision.

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