In no time, our stories got picked up by the likes of Forbes, Foxnews, Gizmodo, TechCrunch, Engadget, The Verge, Macrumors, and many others. PiunikaWeb started as purely an investigative tech journalism website with main focus on ‘breaking’ or ‘exclusive’ news. So, the idea that SHEIN is actually shutting down seems more plausible now.Ġ5:15 pm (IST): Some people believe ( 1, 2, 3, 4) that after SHEIN, Fashion Nova (American fast fashion retail company) also needs to get hit with RICO charges. Source (Click/tap to view)Ġ5:03 pm (IST): SHEIN recently appears to have declared a 90% Sale, and it seems to have done so after RICO charges ( 1, 2, 3, 4, 5, 6). However, the lawsuit is a major blow to the company, and it could lead to its downfall.Ġ5:58 pm (IST): A screenshot of what appears to be a ‘Chemical Warning’ pop-up message on the SHEIN website ( 1, 2) is currently being circulated by some users online. Only time will tell what the future holds for SHEIN. If SHEIN is found guilty, it will be a major victory for the plaintiffs and a warning to other companies that engage in copyright infringement. The company will need to defend itself against the charges and convince the court that it is not a racketeering enterprise. However, the RICO charge is a major setback for the company, and it could lead to its downfall. It is too early to say what the future holds for SHEIN. The company has denied all of the allegations. The lawsuit is the latest in a series of allegations against SHEIN, which has been accused of a range of unethical business practices, including forced labor. SHEIN got a RICO case? Lmao damn I’m omw to order rq before they get shut down Still some are taking a more lighthearted approach, and are waiting for major discounts when the company does eventually shut where that 99 & 100% off sale at phat?□ I need my Shein cart before y’all shut down fr Others believe that the company has finally been found out for its wrongdoing, and are taking a cynical view of the situation. In the wake of recent allegations of unethical practices, several users are rushing to buy clothes from the platform, fearing that it may shut down soon. Several users on Twitter are contemplating what the future lies for SHEIN and weather it’s shutting down ( 1, 2, 3, 4, 5, 6, 7). So, the RICO charge is a serious allegation, and it could have a significant impact on SHEIN’s business. The law prohibits a wide range of criminal activity, including racketeering, bribery, and extortion. The Racketeer Influenced and Corrupt Organizations Act, or RICO, is a federal law that was enacted in 1970 to combat organized crime. Is SHEIN shutting down following RICO charge? The reproduced products weren’t ‘close call’ copies, where designs are interpreted with some liberties, but were ‘truly exact copies of copyrightable graphic design’ that were sold by SHEIN, the lawsuit alleges. The complaint was filed on Tuesday in California federal court on behalf of three designers who claimed they were ‘surprised’ and ‘outraged’ to see their products faithfully copied and sold by the Chinese fast-fashion retailer. However, a new lawsuit alleges that the site maintains its edge by engaging in ‘egregious’ copyright infringement that constitutes racketeering. SHEIN’s success is largely attributed to its fast-fashion model, which allows it to produce and sell new styles every day, based on customer feedback and data analysis. It offers trendy, affordable and diverse clothing, accessories, shoes and beauty products for women, men and kids. SHEIN is a Chinese online fashion retailer that has become one of the most popular and successful e-commerce platforms in the world. Original story (published on July 14, 2023) follows: New updates are being added at the bottom of this story…….
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |