Shein, the Chinese-owned fast-fashion giant, is suing rival Temu for copyright infringement, alleging the retailer “masquerades” as an online marketplace by copying products sold by Shein, which faces similar allegations from other brands and retailers.
Earlier this year, Breslow settled a lawsuit that alleged he’d defaulted on a loan insured by his own company. Now, angry investors in Bolt, including BlackRock, have blocked it.
The pharmaceutical company will pay an estimated $700 million to resolve an investigation by more than 40 states into the pharmaceutical firm’s marketing of its talcum powder, according to Bloomberg, following thousands of lawsuits alleging it failed to warn customers about cancer risks.