Legal
February 17, 2016 at 10:40 am
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 Honest’s…
February 12, 2016 at 10:01 am
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 on…
February 10, 2016 at 12:11 pm
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 the…
February 10, 2016 at 11:51 am
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 Depot’s operations in Europe to ease competition concerns. The approval comes just over two months after the Federal Trade Commission in the United States sued to…
February 8, 2016 at 10:50 am
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.…
February 5, 2016 at 11:41 am
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 Chapter…
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…
