A federal judge has ruled the battle over United Kingdom-based John Hornby Skewes & Co.'s use of the Gibson guitar brand name will remain in a California courtroom, reports courthousenews.com. In January, Nashville-based Gibson sued, claiming the British distribution company was selling replicas of various Gibson guitar models to California-based retail stores and Internet customers. The court ruling is a victory of sorts for Gibson, given logistical considerations. Read more here.
Gibson Guitar has completed its tender offer for almost 55 percent of TEAC Corp., a Japanese company that makes audio and visual equipment as well as data storage equipment. TEAC will be folded into Gibson's operations but remain listed in Tokyo.