Tech News Summary:
- Nike is suing New Balance and Skechers for allegedly misusing their Flyknit technology to make lightweight, durable shoes.
- The lawsuits are based on Nike’s claim that it owns Flyknit technology through nine patents and that both New Balance and Skechers have used it without authorization.
- Nike is seeking to stop both companies from selling shoes with copied Flyknit material and is also seeking damages, although no specific dollar amount has been specified.
Nike Takes Legal Action Against New Balance and Skechers for Patent Infringement
Nike has filed a lawsuit against New Balance and Skechers, alleging that both companies have infringed on its patented technology. The lawsuit, filed in a federal court, accuses the two companies of copying Nike’s technology and design in their sneakers.
According to the lawsuit, Nike claims that New Balance and Skechers have copied its popular Flyknit technology, which is used in many of its athletic shoes. The innovative technology, which uses a fabric upper that is knit together with a sock-like fit, has been a key selling point for Nike and has helped the company maintain its position as a leader in the athletic footwear market.
In the court filing, Nike is seeking damages and an injunction to stop New Balance and Skechers from selling the infringing products. Nike also alleges that the two companies have engaged in unfair competition by selling shoes that are confusingly similar to its own and are likely to cause consumer confusion.
This is not the first time Nike has taken legal action to protect its patents and trademarks. The company has a history of aggressively defending its intellectual property, and has previously filed lawsuits against other companies for similar infringement claims.
The lawsuit comes at a time when Nike is facing increasing competition from New Balance and Skechers, both of which have been growing their market share in the athletic footwear industry. With the lawsuit, Nike is looking to protect its technological advancements and maintain its competitive advantage in the market.
Neither New Balance nor Skechers has publicly commented on the lawsuit. However, it is expected that both companies will vigorously defend themselves against the allegations made by Nike. The outcome of the lawsuit could have significant implications for the athletic footwear industry and the way companies innovate and protect their intellectual property in the future.