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Settlement of lawsuit against founder

The billionaire founder of the online department store, Richard Liu, settled a US sexual assault lawsuit against him outside of court just before the trial started. This was reported by the business magazine Caixin, citing lawyers on both sides. In April 2019, Liu Jingyao, 21 years old at the time and a student at the University of Minnesota, filed a civil lawsuit against and Richard Liu, who allegedly raped her after a dinner in 2018. In it, she sought just over $50,000 in damages for medical bills, emotional and psychological trauma, physical injuries and loss of earning capacity.

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