User Tag List

Results 1 to 5 of 5
  1. #1
    \(^.^)/ Jennifer's Avatar
    Join Date
    Oct 2005
    Posts
    28,064
    Post Thanks / Like
    Follow Jennifer On Twitter Add Jennifer on Facebook
    Mentioned
    72 Post(s)
    Tagged
    0 Thread(s)

    Thumbs up Gucci Goes After Counterfeiter's Finance Firms

    WWD article:

    Gucci America Inc. took a novel approach to combating knockoffs on the Web last week when it sued three companies it alleges provided trade services to counterfeiters.

    The lawsuit, filed Aug. 5 in U.S. District Court in Manhattan, claims that Houston, Tex.-based Woodforest National Bank; Bozeman, Mont.-based Frontline Processing Corp., and Colorado-based Durango Merchant Services all profited by doing business with Laurette Co. Inc., owner of TheBagAddiction.com.

    The fashion house won a $5.2 million judgment from Laurette last year after its owners admitted to selling counterfeit Gucci wares.

    In the new lawsuit, Gucci alleges one or more of the defendants had some part in processing more than $500,000 in bank and credit card payments made to Laurette by its customers.

    Lawyers for the luxury firm charge the defendants knew Laurette was selling fakes, as they labeled it a “replica” business and “high risk” account. By processing the transactions, the defendants “enjoyed a substantial financial benefit,” the suit alleges.

    Chuck Vernon, general counsel for Woodforest, said Friday the company had only had a day to review the suit, but that it denied all the allegations and intends to defend itself vigorously.

    “We certainly have not knowingly participated in anything of that nature,” Vernon said.

    A spokesman for Durango Merchant Services said the company had not yet seen the suit, but added, “We don’t do anything illegal here.”

    Frontline Processing did not return a call seeking comment.

    Gucci is seeking to recover any profits the companies may have made from the transactions, an injunction barring them from participating in counterfeit sales and unspecified damages.

  2. #2
    Vintage Lover lilstrlett's Avatar
    Join Date
    Feb 2008
    Location
    Brooklyn
    Posts
    5,982
    Post Thanks / Like
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Gucci Goes After Counterfeiter's Finance Firms

    Woodforest National Bank
    That's the bank inside Walmart I think
    Mrs. Lawson
    7-16-11

  3. #3
    ♥'s RM Jess's Avatar
    Join Date
    Oct 2007
    Posts
    11,434
    Post Thanks / Like
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Gucci Goes After Counterfeiter's Finance Firms

    Quote Originally Posted by lilstrlett View Post
    That's the bank inside Walmart I think
    Yep, it is.

  4. #4
    Vintage Lover lilstrlett's Avatar
    Join Date
    Feb 2008
    Location
    Brooklyn
    Posts
    5,982
    Post Thanks / Like
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Gucci Goes After Counterfeiter's Finance Firms

    Ok so I'm confused... were the banks involved, or the banks' customers?
    Mrs. Lawson
    7-16-11

  5. #5
    nicole iheartmjnicole's Avatar
    Join Date
    Sep 2008
    Location
    From NY live in NC
    Posts
    873
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Re: Gucci Goes After Counterfeiter's Finance Firms

    jennifer, any way you could pm me the whole article for a reference for my thesis paper? I would appreciate it, since I don't have a subscription with WWD! Thanks


    Wish-list:
    LV Damier Neverfull
    Balenciaga

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •