Liz Claiborne To Get Refund In Lyocell Duties Dispute

Law360, New York (January 8, 2010, 5:21 PM EST) -- Women's clothing retailer Liz Claiborne Inc. has said it will accept a refund from the U.S. government in order to put an end to a slew of suits challenging duty rates the company paid for garments made with lyocell.

In a settlement agreement filed in one of the suits Thursday in the U.S. Court of International Trade, Liz Claiborne agreed to accept a refund of $96,218.69, with interest, for entries dating back to 1999, in exchange for terminating all of its lyocell lawsuits against the federal...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.