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
Manitoba seizes nearly 10K contraband cigarettes after inspecting 15 Winnipeg stores
WINNIPEG - Manitoba Finance’s special investigations unit (SIU) seized nearly...
World No Tobacco Day: Illicit tobacco trade still a menace
Tobacco kills nearly 6 million people each year, globally. Unless we act now, the...
Interpol wants to join the ‘fake drugs’ battle, Indian government fights shy
The International Criminal Police Organisation, popularly known as Interpol,...
Foreign currency worth $400,000 hidden in students’ notebooks seized at Pune airport
Three students travelling to Dubai were caught at Pune airport with over...