🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Hermes settles Skechers patent lawsuit over shoe soles in New York

Published 04/26/2023, 04:52 PM
Updated 04/26/2023, 05:03 PM
© Reuters. FILE PHOTO: The logo of Hermes is seen on a store in Paris, France, April 24, 2020.  REUTERS/Charles Platiau
SKX
-
HESAY
-

By Blake Brittain

(Reuters) - French luxury fashion house Hermès International (OTC:HESAY) SCA has settled a lawsuit brought by Skechers USA (NYSE:SKX) Inc that claimed Hermès sneakers infringed Skechers' patent rights, according to a Wednesday filing in Manhattan federal court.

The filing said the two sides signed a confidential settlement agreement on Monday. Representatives for the companies did not immediately respond to requests for comment and additional details.

Manhattan Beach, California-based Skechers sued Hermès last year, alleging its Eclair and Envol sneakers infringe two Skechers design patents covering the undulating "Massage Fit" soles in its "Go Walk" walking shoes.

Skechers said the soles of Hermès' shoes were "substantially the same" as its soles and requested an unspecified amount of money damages.

© Reuters. FILE PHOTO: The logo of Hermes is seen on a store in Paris, France, April 24, 2020.  REUTERS/Charles Platiau

Hermès did not respond to the allegations in court.

Skechers has also sued Fila, Reebok, Steve Madden and other shoemakers in the past for infringing "Go Walk" design patents, in cases that later settled.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.