UMB Bank hits Revlon with lawsuit for IP theft

UMB Bank has filed a lawsuit against cosmetics company  Revlon, claiming that it illegally shifted its collateral trademarks away from creditors who provided it with nearly $1.8 billion four years ago. The suit filed at the  US District Court for the Southern District of New York yesterday, August 12, also names  Citibank,  Jefferies Finance, along with other subsidiaries and companies associated with Revlon as defendants.