Gucci seeks $4 mn sanction against Bank of China

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Bloomberg New York
Last Updated : Jan 20 2013 | 9:33 PM IST

Gucci America Inc, the luxury company that is owned by Paris-based PPR SA, asked a US judge to hold Bank of China Ltd in contempt for failing to turn over documents and to order it to pay $4 million.

Gucci, along with Chloe SAS and Alfred Dunhill Ltd, a unit of Cie. Financiere Richemont SA, said in court papers filed last night that Bank of China has refused to surrender records of companies against whom they won a $4.3 million judgment in a fashion-counterfeiting case. The judge previously ordered Bank of China, which wasn’t a defendant in the counterfeiting case, to turn over documents.

A Bank of China account was “a central instrument” in the counterfeiting scheme run by companies such as wholesale- replica.com, Gucci and the other plaintiffs said in a filing in federal court in Manhattan.

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