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NKE Jun 2024 82.500 put
- Benzinga
Nike Wins Partial Victory in Three-Stripe Trademark Battle with Adidas
Nike Inc. (NYSE:NKE) has been given the green light to feature three stripes on some of its trouser designs in Germany following a court ruling. The ruling marks a significant moment in the ongoing legal battle between the U.S. sportswear giant and its German competitor, Adidas AG (OTC:ADDYY). The Duesseldorf regional court had previously barred Nike from using two or three stripes on five of its trouser designs after Adidas filed a trademark infringement lawsuit in 2022, according to a report f
- Associated Press Finance
Supreme Court leaves in place Avenatti conviction for plotting to extort up to $25M from Nike
The Supreme Court on Tuesday left in place lawyer Michael Avenatti’s conviction for plotting to extort up to $25 million from Nike. The justices did not comment in rejecting an appeal from Avenatti, who rose to fame representing porn actor Stormy Daniels in litigation against former President Donald Trump. The timing of the court's action, while Trump is on trial in New York over a hush money payment to Daniels, is coincidental.
- Reuters
Nike partially wins appeal over stripes dispute with Adidas in Germany
Nike can put three stripes on some of its trouser designs in Germany, a court ruled on Tuesday, in a second appeal hearing pitting the U.S. sports apparel maker against its smaller rival Adidas. The Duesseldorf regional court had already prohibited the U.S. firm from using two or three stripes on five of its trouser designs after Adidas filed a trademark violation lawsuit in 2022. Nike can now use the stripes on four of the disputed models, while the ban for one remaining model remains in place, the court said, partially overturning the earlier decision.
