DIRS.INFO The most relevant business & tech news

REUTERS/Chen Lin/File PhotoJuly 17 (Reuters) - Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating U.S. antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market. Temu, represented by prominent U.S. law firm Boies Schiller Flexner, filed the new case on Friday in Boston federal court. The two companies are already embroiled in litigation in Chicago federal court, where Shein has alleged Temu worked with influencers to disparage Shein on social media. Temu's complaint alleged Shein "forces manufacturers to sign loyalty oaths certifying that they will not do business with Temu." A spokesperson for Shein on Monday said Temu's lawsuit was "without merit and we will vigorously defend ourselves."

Persons: Chen Lin, Temu, Shein, Boies Schiller Flexner, influencers, YipitData, Temu's Boies Schiller, Denise Casper, Philip Korologos, James Denvir, Boies Schiller, Mike Scarcella, Josie Kao Organizations: REUTERS, Temu, Shein, District of, Thomson Locations: Singapore, Boston, Chicago, U.S, United States, Los Angeles, China, Europe, Asia, District of Massachusetts

The court also allowed testimony from an expert who said Meta owes Neural Magic as much as $766 million in royalties. Representatives for Meta and Neural Magic did not immediately respond to requests for comment on the decision. Meta asked the court to throw out the case last year, arguing Neural Magic had failed to identify any protectable trade secrets and that Zlateski had not acquired the information improperly. But the court on Monday allowed Neural Magic's case to continue for all but one of the 41 secrets it accused Meta of misappropriating. The case is Neural Magic Inc v. Meta Platforms Inc, U.S. District Court for the District of Massachusetts, No.

BOSTON, Jan 31 (Reuters) - The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out of millions of dollars by marketing a virtual currency called My Big Coin with lies and half-truths. Federal prosecutors had urged U.S. District Judge Denise Casper in Boston to impose a 13-year prison term on Randall Crater to send a message to others in the first sentencing of a cryptocurrency company founder for a marketing fraud. While Casper concluded that that request went too far, she rejected Crater's contention that a 30-month prison term was sufficient to punish him for his false claims, including that My Big Coin was a real cryptocurrency backed by gold. Prosecutors subsequently secured Crater's indictment in 2019 and accused him of causing investors and customers to lose $7.5 million from 2014 to 2017 with lies about My Big Coin, whose name sounded similar to the popular virtual currency bitcoin. Prosecutors said those false claims included that My Big Coin was a real virtual currency, was backed by gold and had a partnership with MasterCard (MA.N).

Search resuls for: "Denise Casper"

3 mentions found