Nike lawsuit stockx

By subscribing, you agree to our Terms of Use and Privacy Policy, nike lawsuit stockx. Towards the end ofevents between Nike and StockX got heated as the two companies engage in an ongoing lawsuit. Nike was suing the reseller platform for allegedly selling counterfeit shoes and having an unreliable authentication process.

By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also process your information to help provide our services. Earlier this year, another judge ordered StockX to divulge information on how it handled the authentication process for the sneakers at-hand. On Aug. Magistrate Judge Sarah Netburn ordered StockX to produce additional information on the sellers behind the same sneakers. Specifically, Nike wants to know how many sales these sellers have completed — which could indicate the standards and level of scrutiny StockX applied in facilitating their sales.

Nike lawsuit stockx

Online resale marketplace StockX is hitting back at Nike 's claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike's allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC. The response is set to be filed in U. Nike and an attorney who has represented Nike in this case did not immediately respond to a request for comment. The legal battle between Nike and StockX started over non-fungible tokens, or NFTs, which are unique digital assets that consumers can buy and sell. Nike, which had been preparing for its entry into the so-called metaverse for several months , started selling its own NFTs earlier this year, reaping huge sums. StockX has argued it uses NFTs to track ownership of physical products as well as to increase efficiency and decrease costs for its customers. Nike, which has been beefing up its own online business , added to its lawsuit last month , saying in an amended complaint that it was able to purchase four pairs of counterfeit shoes from StockX that were verified as authentic. Nike said in its amended complaint that it obtained the dubious shoes through StockX from December through the beginning of February, just before it filed its initial lawsuit against the company. In its draft filing, StockX questioned why Nike waited until May to include its claims about the counterfeit sneakers. StockX, which promises "Guaranteed Authenticity," says it's different from other resale sites because all the products on its marketplace are physically inspected and authenticated before being delivered to buyers.

Can I have them? The customer has since returned all the pairs on StockX for a full refund. Footwear Mar 19,

By Victoria Song , a senior reporter focusing on wearables, health tech, and more with 11 years of experience. If you buy something from a Verge link, Vox Media may earn a commission. See our ethics statement. Now, StockX is hitting back. When Nike sued, it claimed the NFTs infringed on its trademarks and would be confusing to customers. Then, in an amended complaint , Nike said it bought four pairs of counterfeit shoes from December to February.

Nike is accusing StockX of selling look-alike versions of its shoes and wants a federal judge to force the online marketplace to remove the alleged knockoffs from its website. The athletic apparel giant is already in the middle of another legal battle with StockX involving a trademark infringement case filed in New York earlier this year. The suit claims StockX is capitalizing on Nike's brand without permission to sell its own products. Lawyers for Nike have argued that StockX should be prohibited from selling shoes — digital or otherwise — with a design the public associates with Nike without the brand's permission. Nike lawyers filed an additional claim this week against StockX, alleging there are fake Nikes on the StockX website. After the lawsuit was filed, StockX removed the authenticity text from the product description but kept selling the same NFT shoe, Nike lawyers argued.

Nike lawsuit stockx

By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also process your information to help provide our services. Now, StockX is hitting back at Nike over claims that it sells counterfeit shoes. In its response filed in U. In May, Nike amended its original complaint against StockX to include additional facts surrounding the case that have emerged in the last few months, including the fact the Nike has now released its own virtual products, which could cause even more confusion in the marketplace. Nike declined to comment. The case represents one of the first major legal disputes to emerge in the realm of virtual goods. In the last few months, multiple brands have announced forays into the metaverse, either via virtual games, products or NFTs. In many cases, these brands have filed trademark applications for digital virtual footwear, clothing and more.

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Follow Us. The response is set to be filed in U. Online resale marketplace StockX is hitting back at Nike 's claims that the site has been allowing sales of counterfeit versions of its sneakers. And honestly, I have a whole host of other things going on in my life right now too. You can always resell the item on our platform if you no longer wish to keep it. An authenticator has to do so many shoes, they made a mistake. As the Nike v. So I sent the shoes back to StockX, and, of course, they did their checks as well. Take a look at the court document below. Foot Health. On Aug. I think for me, the bigger thing is, maybe I do have an opportunity to do something about this and make at least a small change in this. Those two make similar claims, on the surface at least, to what StockX used to do.

Online resale marketplace StockX is hitting back at Nike 's claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike's allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC. The response is set to be filed in U.

Executive Moves. Advertiser Content From. Image via StockX. The Best Sneakers Releasing in March. Those resell platforms are all in a bad position in that regard. I could take it, it might look good, and then down the line you find out and then it becomes this whole thing you have to unwind where, alright, gotta give you your money back then. Footwear News. What compelled you to take part in the deposition and things like that? Is there one that you trust more than the other? Footwear Mar 19,