Tag: NYSE: SKX
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Nike Files Federal Lawsuits Against New Balance and Skechers Over Patent Infringement
Nike, the footwear giant (NYSE: NKE), filed federal lawsuits this Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike’s technology for manufacturing the upper part of sneakers. The lawsuits claim that various New Balance athletic shoes and Skechers sneakers (NYSE: SKX) improperly utilize Nike’s patented “Flyknit” technology for running,…