From Bossip:
Beyonce and Tina Knowles’ companies are being sued by a Hong Kong Manufacturer, Vier International, LTD. Vier claims that House of Dereon and other affiliated companies are in breach of contract and also accusing them of RICO. In case you’re not familiar with RICO, Racketeer Influenced and Corrupt Organizations Act, it is normally affiliated with the mafia and their business tactics.
According to the complaint filed in the U.S. District Court in Manhattan, the apparel maker claims it lost more than $500,000 because clothing company Donna Loren LLC and shipping outfit HJM International were “conspirators who induced the shipment of goods to the United States with the intent to convert them or pay less than the agreed upon contract price,” says the source.
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