September 05, 2017
Su Ming Ling, a 50-year-old naturalized U.S. citizen and Taiwanese national, is charged with shipping some 200 containers with an estimated street value of $250 million worth of counterfeit Nike products as well as NFL jerseys, Ugg boots and other jeans and apparel between 2013 and 2017 using a variety of fake business fronts.
The Wilmington bankruptcy court ordered Boston Sports Apparel to pay WSFS $43,323.77 plus interest as a result of its failure to pay the term loan lender its portion of the proceeds from the settlement between the bank and consignment vendors in the Sports Atrocity case.
The Japanese industrial giant will exchange 0.784 shares of Sumitomo stock for each share of Dunlop stock, which is now listed on the Tokyo Stock Exchange, which values Dunlop at about $375.0 million.
A 38-year veteran of the company, most recently as chief merchandising officer, he will be responsible for all aspects of Journeys and Journeys Kidz in the U.S. and Canada.
The $110 million transaction was to Birch Hill Partners, a Toronto-based private equity firm. Although one of the more venerable names in hockey, CCM was stripped of its most prized property, the NHL jersey contract.