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Nike settles with 3 designers it accused of stealing secrets

Published Wed, Jun 10, 2015 · 09:50 PM

New York

NIKE Inc has settled a lawsuit against three former shoe designers it had accused of stealing its commercial secrets and taking them to German rival Adidas AG with plans to open a footwear design studio in Brooklyn.

The designers' attorney, Matt Levin, said in a statement on Tuesday that the case had been resolved through a confidential settlement. Both Nike and Adidas declined to comment, but a clerk with the state court in Oregon, where t…

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Companies & Markets

Nike settles with 3 designers it accused of stealing secrets

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

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