Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

LL Bean agrees to injunction to end Skechers shoe lawsuit

By Jonathan Stempel

NEW YORK (Reuters) – LL Bean, the clothing and outdoor gear company, agreed to stop selling a line of casual shoes to settle a lawsuit in which Skechers USA accused it of copying a design for its own shoes, which have sold in the millions.

U.S. District Judge Margaret Garnett in Manhattan approved an injunction on Thursday that bars privately-held LL Bean from making, importing or selling shoes that infringe two Skechers design patents until the last of the patents expires.

In a complaint filed in July, Skechers claimed that LL Bean’s Freeport shoes, named for that company’s Maine hometown and which retailed for $99, infringed two patented designs for “heel cups” that surround the back of the foot.

The world’s third-largest footwear company accused LL Bean of trying to piggyback on the success of its own unique heel cup design, which it said incorporated “graceful, sweeping, gently rolling lines and slopes” that resembled the shape of a heel.

Other settlement terms were not disclosed. Skechers had also sought unspecified damages. Its patents expire in 2038, according to the complaint.

Neither LL Bean nor its lawyers immediately responded to requests for comment. Skechers and its lawyers did not immediately respond to similar requests.

LL Bean was founded in 1912. Skechers was founded in 1992 and is based in Manhattan Beach, California.

The case is Skechers USA Inc (NYSE:SKX) et al v LL Bean Inc, U.S. District Court, Southern District of New York, No. 24-05336.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com