By Adrianne Appel2024-08-13T21:00:00
Women’s apparel importer Alexis agreed to pay nearly $7.7 million to settle allegations, first raised by a whistleblower, that it intentionally underpaid customs duties, according to the Department of Justice (DOJ).
Alexis admitted as part of the settlement that it violated the False Claims Act by undervaluing the clothing it imported into the U.S., the DOJ announced in a press release Friday, which acted on behalf of U.S. Customs and Border Patrol (CBP).
The case was first brought under the qui tam provisions of the False Claims Act in U.S. District Court for the Southern District of Florida. The whistleblower case was disputed by the U.S. and Alexis and dismissed on Thursday, the DOJ said.
2024-05-09T20:36:00Z By Adrianne Appel
Athletic apparel company Lululemon is under investigation by the Canadian Competition Bureau regarding whether it made misleading claims about environmental aspects of its business.
2021-05-04T14:33:00Z By Jaclyn Jaeger
Under Armour agreed to pay $9 million to settle charges brought by the SEC concerning accounting practices by the sports apparel company that rendered statements it made misleading.
2020-07-06T21:26:00Z By Jaclyn Jaeger
Footwear and apparel giant Adidas is focused on improving its diversity efforts after its head of global human resources stepped down following controversial remarks on race that angered employees.
2025-09-09T16:51:00Z By Oscar Gonzalez
A Houston-based freight forwarder, Fracht FWO Inc., will pay $1.6 million for violating U.S. sanctions tied to Venezuela and Iran, according to the Treasury Department’s Office of Foreign Assets Control (OFAC). The fine comes as OFAC ramps up enforcement in recent months.
2025-09-08T14:27:00Z By Adrianne Appel
BNY, Citigroup, Santander, UBS, and two other financial institutions paid a total of $8.3M to settle separate compliance violations with the CFTC.
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
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