Legal
October 20, 2015 at 12:30 pm
The Wall Street Journal says federal investigators have turned up little to support the argument that Wal-Mart engaged in major bribery as it expanded in Mexico. The New York Times' 2012 account of how the corporate retail behemoth may have paid more than $24 million in bribes in Mexico as it expanded its presence in the…
October 20, 2015 at 11:59 am
A customer is suing Home Depot a whopping $250,000 for a late fee that ended up killing his credit, Consumerist reported Monday. The Oregon customer said that he received a $28 late fee for missing a line of credit from the store, although he alleges that the transaction went through on time or was “delivered within…
October 19, 2015 at 10:34 am
Chinese e-commerce giant Alibaba Group Holding Ltd is lobbying hard to stay off the U.S. Trade Representative's blacklist after coming under renewed pressure this year over suspected counterfeits sold on its shopping platforms. Re-inclusion on the USTR's annual list of the world's most "notorious markets" for sales of pirated and counterfeit goods, while not carrying direct…
October 14, 2015 at 11:22 am
Neiman Marcus Group, the U.S. luxury specialty department store chain that registered with regulators in August for an initial public offering, has pushed back its stock market flotation to 2016, according to people familiar with the matter. The Dallas-based company, which is owned by private equity firm Ares Management LP and the Canada Pension Plan Investment…
October 12, 2015 at 11:54 am
eBay will pay $1.2 million to settle a lawsuit filed in 2012 over practices related to its Buy It Now feature. Luis Rosado sued eBay after becoming fed up with a nonpaying bidder for an eBay Motors listing for which he had paid $36 for the original listing and $36 for each of his two…
October 9, 2015 at 11:15 am
In front of a packed audience during a Vogue Festival one year, designer Stella McCartney revealed that she found coming across knock-offs of her bags “flattering,” in that if her designs are desirable enough to be copied, then she’s clearly doing something right. But McCartney is no fool, as court papers filed in New York this…
October 6, 2015 at 12:24 pm
Alibaba Group Holding Ltd.’s Taobao shopping website should be put back on the U.S. government’s “Notorious Markets” list for failing to stop the sales of fakes, according to a group representing U.S. clothing makers. Taobao is synonymous with counterfeits and has been unwilling to make serious reform since it was removed from the list in 2012,…
October 6, 2015 at 12:14 pm
City Sports Inc., the retailer launched more than 30 years ago in Boston by a pair of high school friends, plans to shut eight of its 26 stores and sell the rest after filing for bankruptcy protection on Monday. If a buyer cannot be found, the chain will be liquidated, according to documents submitted to U.S.…
October 5, 2015 at 11:21 am
American Apparel, the one-time arbiter of edgy made-in-America cool, filed for bankruptcy protection early Monday, its business crippled by huge debts, a precipitous fall in sales, employee strife and a drawn-out legal battle with the retailer’s ousted founder, Dov Charney. The Chapter 11 petition, approved by the board, was filed in federal bankruptcy court in Delaware.…
October 2, 2015 at 11:03 am
The Home Depot has agreed to pay more than $83,000 to 46 women who claimed they were denied higher-paying sales jobs that went to men while they were forced to work as cashiers at a Southern California store. The U.S. Department of Labor said Thursday that The Home Depot didn't admit liability in the discrimination case…
