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BRIEFCASE MOSSIMO ORDERED TO PAY FINDER'S FEE.


Byline: - Staff and Wire Services

VAN NUYS - Mossimo must pay brand-management company Cherokee a finder's fee Finder's fee

A fee a person or company charges for service as an intermediary in a transaction.


finder's fee

The charge levied by a person or firm for putting together a deal.
 and other costs that could total $6.7 million after the California Supreme Court upheld an appellate court A court having jurisdiction to review decisions of a trial-level or other lower court.

An unsuccessful party in a lawsuit must file an appeal with an appellate court in order to have the decision reviewed.
 ruling.

The move entitles Van Nuys-based Cherokee to fees stemming from a multimillion-dollar licensing agreement that was brokered between Santa Monica-based Mossimo and Target.

The deal allowed Target to sell Mossimo-brand clothing and accessories at nearly 1,200 stores nationwide.

Gelson's, union forge agreement

Los Angeles-based Arden Group Inc., the parent company of Gelson's Markets, announced Friday that an agreement on a contract proposal was reached with the United Food and Commercial Workers The United Food and Commercial Workers International Union is a labor union representing approximately 1.4 million workers in the United States and Canada in many industries, including agriculture, health care, meatpacking, poultry and food processing, manufacturing, textile and  union.

The contract proposal will be put to a ratification vote Tuesday and Wednesday by Gelson's employees who are members of the UFCW UFCW United Food and Commercial Workers , according to David M. Oliver of the Arden Group.

There are 18 Gelson's supermarkets in Southern California.

Tyco case's jury still deliberating

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 - Jurors ended their first full day of deliberations Friday in the trial of two former top executives accused of looting $600 million from Tyco International Inc. without reaching a verdict.

State Justice Michael Obus gave background on the term ``criminal intent'' in response to a question raised by the panel Thursday, shortly after deliberations began. He also answered several other requests, including an explanation of the term ``good faith.''

Jurors will resume deliberations Monday.

Implant claimants may drop appeal

DETROIT - A major obstacle to Dow Corning Corp.'s plan to settle with women who claim silicone breast implants Breast Implants Definition

Breast implantation is a surgical procedure for enlarging the breast. Breast-shaped sacks made of a silicone outer shell and filled with silicone gel or saline (salt water), called implants, are used.
 made them sick appeared resolved Friday following a decision by a group of Nevada women to drop their appeal.

A lawyer involved in the settlement said Friday that the first checks will likely go out by the end of the year. A federal judge must first approve the schedule.

Dow Corning, a joint venture of Midland-based Dow Chemical and Corning, N.Y.-based Corning Inc., was forced into bankruptcy in 1995 after thousands of women filed claims that implants made by the company damaged their health.

Lawyers seeking bank indictment

ROME - Bank of America
See also:  and


Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
 has denied wrongdoing wrong·do·er  
n.
One who does wrong, especially morally or ethically.



wrongdo
 in the near-collapse of Parmalat, saying efforts by authorities to put the bank on trial are not supported by facts.

Prosecutors in Milan asked a judge Thursday to indict in·dict  
tr.v. in·dict·ed, in·dict·ing, in·dicts
1. To accuse of wrongdoing; charge: a book that indicts modern values.

2.
 the bank, saying it must have been aware of the real state of the Italian dairy giant's finances well before the scandal exploded late last year. They also requested indictments against three former Bank of America employees - as well as 26 other people, including the company's founder, and two accounting firms allegedly involved in the fraud.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Mar 20, 2004
Words:434
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