
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
13 Tonnes Of Consignments Worth Over Rs 50 Lakh Seized: DRI
Hyderabad: Around 13 tonnes of restricted/prohibited items worth Rs 52.24 lakh...
Global economy loses $6b annually to counterfeit mobile phones
While the global economy loses about $6 billion annually to the menace of...
Hong Kong customs seizes about 2.1m illicit cigarettes, 13 arrested
HONG KONG: Customs officials seized about 2.1 million illicit cigarettes and...
FDA warns of fake anemia drug
THE Food and Drug Administration (FDA) is warning the public over the presence of...


