By  on June 22, 2010

Fendi has settled a counterfeiting lawsuit against the former Filene’s Basement operation for $2.5 million, although other related lawsuits against different parties are still in progress.

According to Michael Burke, Fendi’s chief executive officer, many of the lawsuits, such as one against Burlington Coat Factory Warehouse, originate from the alleged illegal activities of Ashley Reed Trading Inc. and its owners, Scott and James Ressler.

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