03:15 AM EST, 12/30/2024 (MT Newswires) -- (Updates with Skechers' response in the fourth paragraph.)

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 declined to comment on a matter of litigation. LL Bean did not immediately reply to MT Newswires' request for comment.

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