China's Shein hit with lawsuit citing RICO violations, a law originally used against organized crime

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The lawsuit against the fast-fashion Chinese company claims it stole the exact copies of designers' work to stay ahead of fashion trends, and it's not the first time.

The lawsuit, filed by three fashion designers in the U.S. District Court for the Central District of California, alleges "Shein produced, distributed, and sold exact copies of their creative work."

Shein hasn't said whether it plans to go public this year, but there are reports that the company is raising money in anticipation of a U.S. listing before the end of the year.

 

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