MANHATTAN (LN) — U.S. District Judge Valerie Caproni on Tuesday granted an ex parte application by Wham-O Holding, Ltd. and Intersport Corp. to freeze assets and halt sales of counterfeit Slip 'N Slide products, ordering Temu, PayPal, Coinbase, and other financial institutions to restrain funds linked to anonymous online sellers.

The order, filed in the Southern District of New York, enjoins defendants identified on a sealed schedule from manufacturing, advertising, offering for sale, selling, distributing, or otherwise disposing of products infringing five registered Slip 'N Slide trademarks.

Caproni concluded that plaintiffs were likely to prevail on their trademark infringement claims and would suffer irreparable harm if defendants were allowed to continue selling the goods or dissipate their profits before being heard.

The court determined that providing notice to the defendants would likely result in the concealment or transfer of ill-gotten proceeds and the destruction of records related to the infringing products.

"Plaintiffs have well-founded fears that if they proceed on notice to Defendants of this Application, Defendants will: (i) transfer, conceal, dispose of, or otherwise destroy the Infringing Products and information concerning the Infringing Products; (ii) transfer, conceal, dispose of, or otherwise hide the ill-gotten proceeds sale of the Infringing Products; and/or (iii) close down existing User Accounts..." Caproni wrote.

The order directs Temu, PayPal, Payoneer, Ping Pong Global Solutions, Coinbase, and Walmart to locate and freeze all accounts and assets, including cryptocurrency, associated with the defendants within five days of service.

Financial institutions must also provide identifying information for the defendants, including contact details and account balances, as part of expedited discovery authorized.

Defendants are prohibited from altering, disabling, or closing any seller accounts on online marketplaces during the pendency of the action.

Plaintiffs must deposit $1,500 as security for potential damages resulting from a wrongful restraint.

A hearing on a preliminary injunction is scheduled for May 15, 2026, at 2:30 p.m. in Courtroom 20C of the Daniel Patrick Moynihan United States Courthouse.

Opposing papers are due by 12:00 p.m. on May 14, 2026.