Nike Escalates Feud with StockX, Says Site is Selling Fake Shoes [Business News Network (BNN) (Canada)]
Nike, Inc. (NKE)
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Source: Business News Network
The world's largest athletic-wear maker asked a federal judge to let it add claims of counterfeiting and false advertising to the current trademark-infringement lawsuit against StockX. “Those four pairs of counterfeit shoes were all purchased within a short two-month period on StockX's platform, all had affixed to them StockX's ‘Verified Authentic' hangtag, and all came with a paper receipt from StockX in the shoe box stating that the condition of the shoes is ‘100% Authentic,'” Nike said in a court filing Tuesday. StockX didn't immediately respond to an emailed request for comment. Nike sued StockX in February in federal court in Manhattan, accusing the marketplace of “blatantly freeriding” on Nike's trademarks and goodwill with a service called Vault NFTs. StockX argued that its NFTs aren't digital sneakers but simply listings for physical sneakers that are stored in its vault and can be traded by users. Legal scuffles are breaking out over NFTs as they become more mainstre
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