Animal feed producer sues distributor on counterfeit claims
The speciality feed maker, based in California, claims VBC Peptide Inc, also based in California, has been developing counterfeit feed in China and also selling product in counterfeit Vitech packaging. It also states the practice was occurring while the two companies negotiated a distribution deal in 2014.
Vitech said it has lost more than $2m in sales as a result of the counterfeit actions. It is suing Peptide for fraud and to establish that the distribution deal is void.
The allegations come as a result of Vitech discovering there was a discrepancy in the sales figures. It found that sales to Peptide had dropped yet sales of Vitech products in China were unchanged. When queried, Vitech was told there was excess product in storage.
Related Posts
Panchkula: Two nabbed for smuggling country-made liquor, IMFL
The Panchkula police arrested two persons for smuggling country-made liquor and...
Flight attendant jailed for tobacco smuggling
A FLIGHT attendant has been jailed for carrying out a €230,000 tobacco smuggling...
DRI expresses concern over increased cigarette smuggling; warns smokers against cheap sticks
Officers of Directorate of Revenue Intelligence (DRI) have expressed concern over...
Counterfeit CDs worth £245,000 seized at Manchester Airport
The country's biggest ever haul of counterfeit CDs has been seized at Manchester...