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Levi Strauss & Co., more known as “Levi’s”, has long gone to great lengths to protect its three most famous trademarks – Arcuate trademark, Tab trademark, and Housemark Design trademark, by its active, or even aggressive attempts to file lawsuits against companies that use trademarks with any similarities with its trademarks. Now a Chinese clothing company fell into its radar. The defendants are Shein Group Limited, a Hong Kong-based Chinese corporation that manufactures, distributes and sells garments, and Shein Fashion Group, Inc., a California-based affiliate of Shein Group. Levi’s alleged that Defendants manufactured and sold throughout the U.S. jeans, garments…
Posts published in “Case Alerts”
Elon Musk, the co-founder, CEO and chairman of the electric vehicle manufacturing giant Tesla Inc., tweeted on August 7, 2018 that “Am considering taking Tesla private at $420. Funding secured.” On the same day, Musk confirmed this plan on Tesla’s blog and an email he sent to Tesla employees. After this information came out, Tesla’s stock price went up by 11%. However, on August 8, SEC made inquiries about whether Musk truly secured funding to take Tesla private, and multiple media even reported that Musk did not secure the funding. On August 13, Musk once again tweeted that he had…
Founded in 1998, incorporated in Cayman Islands, Fanhua is a leading financial services provider, offering life, property and casualty insurance products. In October 2017, Fanhua listed its American depositary shares (ADS) on NASDAQ. After the listing, Fanhua’s audited annual reports, SEC filings, press releases and other financial statements all showed very positive numbers about its revenue and operation. Through these positive signs, Fanhua successfully attracted many Chinese investors to purchase its ADS between April and August, 2018. In late August, 2018, Seeking Alpha published an investigation report disclosing that several numbers on Fanhua’s aforementioned financial documents were false and misleading,…
On July 25, 2018, Chinese EB-5 investors filed a class action complaint in the United States District Court for the District of Columbia against the United States of America, the State Department, the Secretary of State, and a Deputy Assistant Secretary of State. Plaintiffs allege that the Department of State reduces the number of visas available for EB-5 investors by unlawfully counting the spouses and children of EB-5 investors against the EB-5 quota. In 1990, Congress established a quota of EB-5 visas for foreign entrepreneurs who invest $1,000,000 in a new U.S. business or $500,000 if the investment project is…