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Legal
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In the race to reinvent Craigslist for mobile phones, there have been no less than half-a-dozen companies that have emerged in the last two years to create the next local marketplace. All of them offer the same basic experience, allowing users in close proximity with one another to connect through an app to buy andโฆ
Dollar Shave Club isnโt afraid of publicity. The quirky menโs grooming startup is famous for its viral online videos, menโs flushable wipes and now a Super Bowl ad. But when shaving giant Gillette filed a lawsuit in December claiming the Venice, Calif.-based subscription service stole one of its patents to reduce wear and tear onโฆ
Honest Co., the online shopping company co-founded by actress and model Jessica Alba, was accused in a lawsuit of fraudulently labeling dozens of home and personal care products as natural, plant-based or chemical-free, causing consumers to overpay. The complaint filed on Friday night by Brad and Manon Buonasera in U.S. District Court in Manhattan targets Honestโsโฆ
British luxury fashion brand Burberry is to face a class-action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains. The company, which specifically manufactures some of the products for its outlet stores, is accused of intentionally presenting false price information onโฆ
Burberry Group Plc, the British luxury fashion brand, sued J. C. Penney Co on Tuesday, accusing the U.S. retailer of trademark infringement for selling outerwear that featured exact copies of its famous "Burberry check" pattern. In a complaint filed in U.S. district court in Manhattan, Burberry accused J.C. Penney of illegally selling "quilted jackets" with theโฆ
The European Commission said on Wednesday that it had signed off on a $6.3 billion merger of Staples and Office Depot after the companies agreed to sell some of Office Depotโs operations in Europe to ease competition concerns. The approval comes just over two months after the Federal Trade Commission in the United States sued toโฆ
On Friday, the company announced it has emerged from Chapter 11 as a private company after successfully implementing its reorganization plan. The announcement comes days after the Delaware bankruptcy court gave its approval to the plan. Under the approved plan, approximately $230 million in bonds was wiped out in exchange for equity in the reorganized company.โฆ
Sports Authority Inc. is preparing to file for bankruptcy as it faces a debt payment due in 10 days, according to people with knowledge of the matter. The Englewood, Colo.-based retailer, once the biggest sporting-goods chain in the U.S., is in talks with lenders including TPG Capital Management LP on a deal to reorganize in Chapterโฆ
Fabric and sewing supply retailer Hancock Fabrics filed for Chapter 11 bankruptcy protection Tuesday, seeking to reorganize for the second time in nine years. Senior Vice President Dennis Lyons, in a court document, said Hancock wants to close at least 70 money-losing stores among the 250-plus stores it operates in 37 states, leaving it with "aโฆ
Lumber Liquidators Holdings Inc will pay about $13.2 million in fines and forfeitures to resolve a U.S. Department of Justice investigation into the import of certain flooring products in 2013, the department said. The hardwood flooring retailer's shares rose as much as 16.8 percent on Monday. Lumber Liquidators has also agreed to an organizational probationโฆ