September 05, 2017 Feds Bust $250 Million Counterfeit Ring in Queens
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. Default Judgment Entered Against TSA Consignment Vendor
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. Sumitomo Rubber Absorbs Dunlop Sports
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. Journeys Names Mario Gallione President
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. CCM’s Sale By Adidas Is Closed
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. Etcetera: Iconix, Dick’s, Duluth Pack, Eagle Creek
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