Bank of China Surrenders Records in Gucci Case After U.S. Fines

Bank of China Ltd. turned over evidence in a case by luxury goods seller Gucci America Inc. after a U.S. judge fined it $50,000 a day for not complying with subpoenas. Gucci demanded records relating to alleged counterfeiters from Bank of China, which isn’t a party in the case.

Bank of China claimed the subpoenas called on it to violate Chinese privacy law.

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