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New Balance sued over shoe ad
January 5, 2011

Boston-based New Balance is facing a lawsuit claiming the company used deceptive marketing to promote its True Balance and Rock & Tone lines of shoes, the Patriot Ledger reports. The suit was filed in federal court in Boston on behalf of a consumer in the Los Angeles area. As the Ledger reports, the suit follows two lawsuits that were filed last November that levied similar accusations against...

Borders offers IOUs
January 5, 2011

Struggling book retailer Borders Group is offering IOUs to some suppliers and may ask publishers to push back some due dates, according to the Wall Street...