Friday, January 31, 2003
An arbitration panel found in favor of Cherokee in the dispute between the Van Nuysbased licensing firm and Mossimo Inc. The dispute was over certain fees involved in a deal that Cherokee brokered between Mossimo and Minnesota-based Target. The arbitration award stipulated that Mossimo pay Cherokee the previously negotiated finder’s fee, interest on all money withheld and Cherokee’s attorneys’ fees.