Alibaba Group Holding Ltd Sued By Luxury Brands Over Counterfeit Goods In US
Alibaba Group Holding Limited (NYSE:BABA) was sued by Kering, a luxury goods company, on Friday; the group claimed that the Chinese e-commerce giant intentionally allowed sellers to sell their counterfeit goods around the globe.
Kering has sued the online-shopping giant in Manhattan Federal Court. The lawsuit includes subsidiaries of Paris-based KERING UNSP ADR (OTCMKTS:PPRUY), Yves Saint Laurent (YSL), and GUCCI GROUP NV (OTCMKTS:GUCG). The brands are seeking damages, and a sanction for alleged racketing and trademark violations.
Related Posts
Chennai: Airport Employee, Passenger From Dubai Held For Gold Smuggling
They said the security personnel found that the passenger, Niyamatullah Hadi, was...
Anti-counterfeit Blister Packs from RomacoNoack
Anti-counterfeiting technology is an extremely important issue for global...
CBP Seizes $2.2M Worth of Fake Sneakers at San Pedro Bay Ports.
U.S. Customs and Border Protection agents recently seized nearly 15,000 pairs of...
Fake hoverboards: Chicago customs officers seize more than 16,000 counterfeits
Customs officers in Chicago have seized at least 16,000 counterfeit hoverboards...