Adidas gets record USD305 million compensation

Adidas has been awarded USD305 million from a US Federal jury for trademark violation. In 2001, it sued Kansas shoe company, Collective Brands Inc., which operates Payless and Stride Rite shoe store chains, for infringing its three-stripe trade mark by selling shoes featuring the stripes.

They have finally received the verdict they were waiting for. This is one of the heftiest trademark damages awards we’ve seen in a while and will have the international sportswear giants salivating.

But Collective Brands is fighting back and is appealing.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s