Legal
In an attempt to win exclusive rights to use its name in Canada, Target is asking a Canadian court to impose a preliminary injunction against Canadian retailer Isaac Benitah and his company, Fairweather, which owns 15 stores across Canada called Target Apparel and has a logo similar to that of Target.
Susie's Deals, a 70-store apparel retailer offering heavy discounts on men's, women's and children's clothing, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Riverside, Calif. after more than 35 years in business.
Overstock.com has acquired the naming rights to the Oakland-Alameda County Coliseum for a reported $7.2 million. The Coliseum is now known as Overstock.com Coliseum. The six-year deal covers the stadium facility that is home to both the NFL's Oakland Raiders and the MLB's Oakland Athletics.
Dick Durbin (D-Ill.) is about to propose sweeping legislation that would impose a tax on all online purchases in a move aimed at closing states' budget shortfalls. Durbin's bill, dubbed the Main Street Fairness Act, intends to push online retailers to collect state sales tax on items purchased out of state. For more than a decade internet shoppers have enjoyed a sales tax holiday as a result of sales tax moratoriums established in 1998 to foster growth in the digital sales business. But with e-commerce businesses like Amazon.com no longer fledgling entities, and with states' budget deficits growing, imposing an e-commerce sales tax has become a hot-button issue.
Hawaii lawmakers are looking for creative ways to tax online shopping, either by requiring internet sellers to hand over customer information to the government or by enrolling in a multistate program in which websites voluntarily collect taxes.
American Apparel's latest financial savior isnโt worried about recent allegations that CEO Dov Charney sexually assaulted a group of his female employees. Michael Serruya, who last week managed to save American Apparel from defaulting on its debt covenants, said he thinks the sexual assault case against Charney is an attempt to take advantage of his bad image.
J.Crew was sued for naming its "Duquette leopard print sweater" after Tony Duquette, an interior designer known for his use of leopard print on wallpaper, fabric and furniture. Although Duquette died in 1999, his company continues to splash spots everywhere via his successor, Hutton Wilkinson, who has accused J.Crew of trademark infringement.
Overstock.com announced the search engine penalty enforced on it by Google in late February has been lifted. "We understand Google's position and we have made changes to remain clearly within their guidelines," said Overstock.com CEO Patrick Byrne.
Wegmans Food Markets has agreed to settle the trademark infringement lawsuit Walgreens filed against the supermarket chain over its use of a logo similar to the one used by the drug store company.
The verdict in the retrial over who owns the rights to the billion-dollar Bratz franchise means Mattel Inc. will owe MGA Entertainment Inc. millions of dollars. The outcome is a major turnabout from the 2008 trial, in which Mattel was awarded $100 million.