Tarrant Apparel Group has settled litigation with the firm with which it coowned the American Rag Cie brand sold at Macy’s.
The apparel firm traded complaints in Los Angeles Superior Court earlier this year with American Rag Cie II and American Rag Cie LLC. The companies initially accused Tarrant of making late royalty payments and attempted to end their licensing agreement. Tarrant filed a cross complaint in February accusing the American Rag companies of breach of contract, involuntary dissolution and breach of fiduciary duties.
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