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Bank of China Appeals Disclosure Order in Counterfeit Case

The Bank of China is appealing a decision by a New York court to fine it $50,000 a day for withholding information about counterfeiters' bank accounts in China. The appeal, filed Tuesday, is the latest twist in a five-year legal saga that pits one of China's largest state banks against Western luxury brands seeking new, more powerful tools to fight rampant counterfeiting. Bank of China says it is fighting to maintain client privacy as a matter of national sovereignty. Gucci,...

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