Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
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.
