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Recently, many multinational fashion or luxuries corporations sued internet vendors, many of which are Chinese, in Illinois State on the grounds that these vendors allegedly sold counterfeit versions of their products, used their trademarks on the counterfeit products without authorization, and intentionally designed the store websites to make the vendors look like authorized internet stores. The background and cause of action in these cases are significantly similar and even the complaints are nearly identical. This LV case could be a typical example. LVMH and its wholly owned subsidiary Hublot SA alleged that several Chinese internet vendors (individuals and business entities)…
The China Docket Report
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…
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,…