New Balance, Sketchers sued by Nike for allegedly stealing patents

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New Balance, Sketchers sued by Nike for allegedly stealing patents
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The lawsuit comes from a legacy high-profile sneaker company.

When it comes to athletic sneakers, many are so similar in design that they can be hard to tell apart.

But those little details make a difference -- and those in the shoe business the longest are apt to notice if another company's design looks suspiciously familiar.The details of the suit claim that Sketchers and New Balance are misusing Nike's Flyknit technology, which are used in the uppers of its sneakers and took more than a decade to develop.

Nike requests an unspecified amount of money for damages, as well as court orders to block New Balance and Sketchers from infringing on the patents. New Balance replied to the lawsuit's claims with a statement that it"fully respects competitors' intellectual property rights, but Nike does not own the exclusive right to design and produce footwear by traditional manufacturing methods that have been used in the industry for decades."Nike has also sued Adidas and Lululemon in the past with claims that the two companies infringed on Flyknit. Adidas, which originally filed its own countersuit, was settled in Aug. 2022.

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