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
Three are arrested in Malaga
Three Dundalk residents are believed to be among five Irish nationals, a...
CBP seizes $30 million shipment of fake handbags and clothing ahead of holidays
US customs officers have seized a container filled with more than $30 million...
Assam Rifles Seizes Consignment of Foreign Cigarettes Worth Over 97 Lakhs In Mizoram
Guwahati: A massive illegal consignment of foreign cigarettes has been seized by...
Man probed for producing counterfeit Ralph Lauren, Pierre Cardin shirts
A 55-year-old man in northern Vietnam is being investigated for directing the...