Alibaba sued in U.S. by luxury brands over counterfeit goods

A group of luxury goods makers sued Alibaba Group Holding Ltd (BABA.N) on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world. The lawsuit was filed in Manhattan federal court by Gucci, Yves Saint Laurent and other brands owned by Paris-based Kering SA (PRTP.PA) seeking damages and an injunction for alleged violations of trademark and racketeering laws.
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