Chinese Garment Co. Settles $20M Warehoused Goods Suit
By Dave Simpson (April 7, 2021, 8:41 PM EDT) -- A Hong Kong garment wholesaler tied to retailers like Topshop, Urban Outfitters, Guess, Nordstrom and Bloomingdale's will pay a California logistics company an undisclosed sum to end a federal court suit over more than $20 million worth of goods in a warehouse, the parties said Tuesday.
Hong Kong-based Star Ace Asia Ltd., which initiated the lawsuit in March 2019 claiming its goods were being held "hostage," reached a settlement agreement under which it would pay Los Angeles County-based counterclaimant Longyuan Forwarding Inc., according to the joint filing seeking to dismiss the suit.
Tuesday's filing does not mention settlement specifics other than...
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