ROUND ONE BEBE: Bebe Stores Inc. on Tuesday said a California state court has denied Wet Seal Inc.’s request for a preliminary injunction against Bebe and its new chief executive, Greg Scott. In addition, the temporary restraining order granted against Scott has been dissolved. As reported, Wet Seal was seeking to bar Bebe and Scott from allegedly soliciting the employees of Wet Seal, as well as from using or disclosing Wet Seal’s trade secrets. The lawsuit is still ongoing, and Bebe said in a statement it “reiterates that [Bebe’s] and Mr. Scott’s actions have been lawful and Bebe will continue to defend itself vigorously.” Scott was employed by Bebe from 1996 to 2000. He was associated with Wet Seal prior to rejoining the Bebe fold.
SPECIAL AWARD: Cherokee Inc. said it will pay a special dividend of 50 cents per share from proceeds related to an arbitration award it received against clothing designer Mossimo Inc. The dividend will be distributed on or about May 26 to shareholders of record as of May 12. Van Nuys, Calif.-based Cherokee, a brand licensor, brokered a licensing deal between Santa Monica, Calif.-based Mossimo and Minneapolis-based Target; at issue was its finder’s fee. It recently received $6.4 million from Mossimo and seeks to collect more than $410,000 in legal fees incurred since Jan. 17, 2003.