Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch 
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Scandinavian Tobacco Group Sells BREAK and Moro Brands to Japan Tobacco for €176 Million 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand 
Nike Inc. is suing its major rivals, New Balance Athletics, Inc. and Skechers USA, Inc. for alleged violation of patent infringement law. The footwear and sports apparel headquartered near Beaverton, Oregon, claimed that the companies copied its sneaker technology.
As per Reuters, Nike filed the lawsuits on Monday, Nov. 6, at a US federal court in Massachusetts. The company said New Balance and Skechers infringed its “Flyknit” technology designed for basketball, soccer, and running sneakers.
Nike’s Complaint Against Brand Rivals
The sneaker maker said its lawsuit against New Balance and Skechers mainly involves its patented innovation for making the upper parts of the shoes. It accused the companies of misusing its "Flyknit" technology that it said was applied on some New Balance athletic shoes and Skechers sneakers.
In the filing, Nike listed New Balance's FuelCell, Fresh Foam, and other shoe models as the range that violated its patent rights. For Skechers, the footwear that supposedly infringed Nike’s technology are the Ultra Flex and Glide Step lines.
Compensation for Damage Claims
Inside Retail reported that Nike is requesting the court for monetary compensation but the exact amount was not specified. It also wants the law to order for permanent blocking of New Balance and Skechers from infringing on its patents in the future.
In response to the legal complaint from Nike, Skechers did not immediately respond to the request for comments. On the other hand, New Balance issued a statement saying that while it fully respects competitors’ intellectual property rights, it believes that “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.”
Meanwhile, Nike also sued Puma, Lululemon, and Adidas for the same infringement claims. Among the three firms, only Lululemon’s case remained unsettled up to this time and is currently still ongoing.
