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

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China's Shein hit with lawsuit citing RICO violations, a law originally used against organized crime
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China's fast fashion retailer Shein is facing a lawsuit that claims the clothing maker's copyright infringement is so aggressive, it amounts to racketeering

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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