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List of All Articles with Tag 'li'

American Airlines, JetBlue to halt codeshare flights starting July 21
American Airlines, JetBlue to halt codeshare flights starting July 21
American Airlines said Friday it has begun to wind down its Northeast Alliance with JetBlue Airways after a
2023-07-14 22:18
Actors set to hit picket lines Friday in largest US strike in 26 years
Actors set to hit picket lines Friday in largest US strike in 26 years
Actors are set to hit picket lines this morning in their first strike against film and TV productions since 1980 and the nation's largest strike since 1997.
2023-07-14 21:24
Investors in VinFast's SPAC for US listing cash out most shares
Investors in VinFast's SPAC for US listing cash out most shares
HANOI Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that has plans to merge with
2023-07-14 18:24
Monday is the last chance to claim your 2019 tax refund
Monday is the last chance to claim your 2019 tax refund
If you forgot to file your taxes during the early days of the Covid-19 pandemic in 2020, you have until Monday to do so. The 2019 return must be filed on paper, rather than electronically, and be postmarked by July 17.
2023-07-14 17:18
Volkswagen's H1 deliveries up in every region but China
Volkswagen's H1 deliveries up in every region but China
Volkswagen said on Friday its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every
2023-07-14 17:17
Major Australian REIT limits withdrawals from unlisted office fund
Major Australian REIT limits withdrawals from unlisted office fund
(This story has been corrected to read Blackstone, not BlackRock, in paragraphs 8 and 12) By Lewis Jackson SYDNEY (Reuters)
2023-07-14 15:46
Sasol Slammed by South Africa’s Pollution Regulator Over Lack of Investment
Sasol Slammed by South Africa’s Pollution Regulator Over Lack of Investment
Sasol Ltd. was castigated by South Africa’s national air quality officer for failing to cut pollution as its
2023-07-14 15:17
China central bank to use tools such as RRR to tackle economic woes
China central bank to use tools such as RRR to tackle economic woes
By Kevin Yao BEIJING (Reuters) -China's central bank will use policy tools such as the reserve requirement ratio (RRR) and
2023-07-14 14:59
Fast fashion retailer Shein accused of racketeering and copyright infringement in lawsuit
Fast fashion retailer Shein accused of racketeering and copyright infringement in lawsuit
Fast fashion retailer Shein has been accused by independent designers of infringement-related racketeering activities in a new lawsuit. According to The Fashion Law, a lawsuit was filed on Tuesday (11 July) in California federal court that accused the clothing giant of using a “secretive algorithm” to identify trending art and allegedly reproducing the independent designs for its fast fashion website. The three independent artists suing Shein – Krista Perry, Larissa Martinez, and Jay Baron – claimed both Shein and its parent company, Zoetop Business Company, Ltd, engaged in “produc[ing], distribut[ing], and selling exact copies of their creative works,” which they allege is “part and parcel of Shein’s ‘design’ process and organizational DNA.” In the suit, Perry, Martinez and Baron claim Shein replicated “truly exact copies of [their] copyrightable graphic designs” such as Berry’s artwork titled “Make It Fun” and Blintz’s “Orange Daises” design. Barron’s “Trying My Best” artwork, which they claim was also copied by Shein, is not only a registered copyright but the phrase was also trademarked by Barron. As a result, the plaintiffs argue that they “have suffered and will continue to suffer substantial damage” to their businesses and “a diminishment in the value of their designs and art, their rights, and their reputations”. In the complaint, the plaintiffs allege that Shein created a “secretive algorithm” to identify growing fashion trends and “produce very small quantities of [its] item for sale” – as 100-200 units per SKU – in the case that an artist claims “the design was stolen”. “The brand has made billions by creating a secretive algorithm that astonishingly determines nascent fashion trends – and by coupling it with a corporate structure, including production and fulfillment schemes, that are perfectly executed to grease the wheels of the algorithm, including its unsavory and illegal aspects,” the artists argue in the suit. “When Shein copies a small or independent designer, the most likely outcome (without brand protection specialists and specialized software on the lookout) is that the infringement will go unnoticed,” the complaint reads. The lawsuit named Chris Xu as the maker behind the algorithm, a “mysterious tech genius” who has allegedly made Shein “the world’s top clothing company through high technology, not high design.” While Shein has faced many lawsuits in recent years, the newest complaint is notable for its Racketeer Influenced and Corrupt Organizations Act (RICO) claim. RICO is a federal law designed to combat organized crime in the United States, and individuals or organisations can use the RICO Act to file civil claims against racketeering activities performed as an ongoing criminal enterprise. Another requirement to file a RICO claim is that the offending party is not just an individual or business but a criminal organization, as the suit claims Shein’s alleged infringement activity is “committed not by a single entity, but by a de-facto association of entities.” The plaintiffs claim that Shein’s “confusing corporate structure” allows the company to “avoid liability” in the case of intellectual property infringement, adding that the brand’s “first line of defense” when facing a copyright or trademark cease and desist is “removing the product from its sites with blaming the misconduct on another [Shein entity] actor (implying such actor is independent).” As a result, the artists have accused Shein of “multiple acts of racketeering and criminal copyright infringement” and are seeking past and future damages, as well as compensation for legal fees and injunctive relief to “prevent further racketeering activity”. This is not the first time Shein has faced accusations of infringement. In May, artist Maggie Stephenson settled with Shein for an undisclosed amount after she filed a $100 million lawsuit last year. That same month, Italian fashion designer Giuliano Calza claimed the retailer stole shoe designs from his streetwear label, GCDS. The new lawsuit comes after a Shein-sponsored influencer trip made headlines for promoting Shein’s factory in Guangzhou, China. The influencers were invited to tour Shein’s “innovation factory”, as they posted videos showing a clean, brightly lit factory with automated bots assisting in processing and packaging orders. However, the influencer trip faced backlash as many pointed out the fast fashion company’s accusations of labour abuse and its negative impact on the environment. The Independent has contacted Shein for comment. Read More Italian designer launches scathing attack on Shein over ‘stolen ideas’: ‘Maybe I am the fool’ Influencers face backlash for promoting Shein factory during PR trip in China Parent company of fast-fashion brand Shein to pay New York state $1.9m for data breach Shein accused of racketeering and copyright infringement in lawsuit Barbie premiere: All the best pink carpet looks as Margot Robbie film shows in London Why these women are – and aren’t – shaving their armpits this summer
2023-07-14 13:55
Factbox-Changes to Australia's central bank following review
Factbox-Changes to Australia's central bank following review
SYDNEY Australia's government announced on Friday that Michele Bullock, Deputy Governor at the Reserve Bank of Australia, will
2023-07-14 12:52
Philippine Central Bank Wants Lenders to Disclose Climate Assets
Philippine Central Bank Wants Lenders to Disclose Climate Assets
The Philippines’ new central bank head is pushing for lenders’ disclosure of climate-related assets, pledging that the Southeast
2023-07-14 11:56
Industrial Hub Facing Power Crunch That May Ripple Across China
Industrial Hub Facing Power Crunch That May Ripple Across China
Extreme heat and rising energy demand risk overwhelming China’s attempts to prevent a repeat of last year’s curbs
2023-07-14 11:29
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