financetom
Business
financetom
/
Business
/
Market Chatter: Skechers, LL Bean Agree to Settle Patent Dispute Over Shoe Designs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Skechers, LL Bean Agree to Settle Patent Dispute Over Shoe Designs
Dec 27, 2024 3:53 AM

06:38 AM EST, 12/27/2024 (MT Newswires) -- Skechers U.S.A (SKX) and LL Bean agreed to a settlement in which LL Bean agreed to stop selling shoes which allegedly infringed on Skechers' designs, Reuters reported late Thursday, citing court documents.

Skechers accused the privately held outdoor clothing and gear company in a lawsuit filed in July of selling a line of shoes that copied its own shoes, the report said.

A US court approved on Thursday an injunction forbidding LL Bean from making, importing or selling shoes allegedly violating Skechers heel cup shoe designs until the patents expire in 2038, the report said.

Skechers and LL Bean did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CRTC Decision on Whether Big 3 Will be Able to Resell Each Other's Networks Delayed, Says National Bank
CRTC Decision on Whether Big 3 Will be Able to Resell Each Other's Networks Delayed, Says National Bank
Feb 4, 2025
12:52 PM EST, 02/04/2025 (MT Newswires) -- The final CRTC Decision on Big 3 telecoms access to Third Party Internet Access has been pushed to the summer, notes National Bank. Analyst Adam Shine writes that, Less than a week before the Super Bowl, the CRTC opted on Monday to punt its decision by several months on whether to allow the...
GlucoTrack Prices $3 Million Public Offering; Shares Fall
GlucoTrack Prices $3 Million Public Offering; Shares Fall
Feb 4, 2025
12:47 PM EST, 02/04/2025 (MT Newswires) -- GlucoTrack ( GCTK ) said Tuesday it has priced a best efforts public offering of about 2.6 million shares at $1.15 a share to raise some $3.0 million. The offering, with Dawson James Securities as the placement agent, is expected to close Wednesday, the medical technology company said. The shares were down over...
Royal Caribbean's Forward Bookings, Yield Growth to Support Improved Cash Flow, Credit Measures, S&P Says
Royal Caribbean's Forward Bookings, Yield Growth to Support Improved Cash Flow, Credit Measures, S&P Says
Feb 4, 2025
12:47 PM EST, 02/04/2025 (MT Newswires) -- Royal Caribbean Group's (RCL) strong forward bookings, higher pricing, and moderate yield growth for 2025 are expected to support cash flow growth and enhance the company's credit measures, S&P Global Ratings said in a Tuesday note. We believe Royal has sold more than two-thirds of its capacity for 2025, which provides good forward...
Venezuela oil exports rise on Chevron's cargoes, more supply to China
Venezuela oil exports rise on Chevron's cargoes, more supply to China
Feb 4, 2025
(Reuters) - Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major Chevron Corp ( CVX ) from its joint ventures with state firm PDVSA, and more cargoes to China, data based on vessel movements showed. The administration of former U.S. President Joe Biden last year did not...
Copyright 2023-2026 - www.financetom.com All Rights Reserved