Legal
February 3, 2016 at 9:59 am
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 "a…
February 2, 2016 at 11:25 am
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 probation…
January 29, 2016 at 10:35 am
Quiksilver said Thursday its reorganization plan had been approved in court and the company should emerge from bankruptcy in early February. The surfwear retailer filed for Chapter 11 bankruptcy protection in September. In October the company received court approval for a $175 million financing package with Oaktree Capital Management.
January 28, 2016 at 12:08 pm
L Brands’ lingerie chain Victoria’s Secret is being sued for copyright infringement by Debra MacKinnon, the principal of intimate apparel company Zephyrs and inventor of a kidney-shaped silicone bra insert. The suit, filed Jan. 25 in U.S. District Court for the Southern District of New York, says that MacKinnon came up with the idea for the…
January 22, 2016 at 10:33 am
Wal-Mart Stores Inc unlawfully retaliated against workers who participated in strikes in 2013 and must offer to reinstate 16 dismissed employees, a National Labor Relations Board judge ruled on Thursday. Administrative Law Judge Geoffrey Carter said in a ruling posted on the board's website that the U.S. retailer violated labor law by "disciplining or discharging several…
January 21, 2016 at 10:05 am
Barneys New York has agreed to settle a lawsuit brought by a black man who said he was racially profiled while shopping at the luxury Manhattan department store and questioned by police about a purchase, according to court documents filed on Tuesday. Trayon Christian, a technical college student from Queens, had sued Barneys and the city…
January 18, 2016 at 9:34 am
An Amazon.com customer sued the marketplace over allegations that it charged him for its Amazon Prime program without his consent, according to the Courthouse News Service. "Gregory Harris filed the suit Wednesday against Amazon.com, alleging unfair competition and violations of consumer law and the federal Electronic Transfer Act," according to the Courthouse News Services story.…
January 15, 2016 at 11:05 am
A class-action lawsuit that's been dragging on since 2010 and has seen its share of complications is coming to a close. Zepeda vs. PayPal deals with the unpopular practice of holds that PayPal placed on sellers’ funds. PayPal has denied all allegations of wrongdoing and liability. The parties have reached a preliminary settlement in what…
January 15, 2016 at 10:51 am
The board of American Apparel Inc. has rejected a $300 million takeover bid from investors who support the return of ousted Chief Executive Dov Charney, according to a person familiar with the matter. The rejection of an offer from Hagan Capital Group and Silver Creek Capital Partners is yet another dramatic turn for the Los Angeles…
January 13, 2016 at 10:34 am
Amazon.com failed to report at least 26 work-related illnesses and injuries in a New Jersey warehouse last year, a federal agency said, the latest indication that low-wage employees who rush to fetch online orders often bear the pain of the speedy, convenient delivery of goods. The web retailer faces a $7,000 fine and demands to change…
