|Day's Range||28.59 - 29.19|
|52 Week Range||18.81 - 32.71|
|PE Ratio (TTM)||18.59|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Footwear company Skechers USA Inc. has scored two major victories in a patent dispute with Adidas, which accused Skechers of copying its “Springblade” concept. In two separate rulings, a U.S. District Court in Oregon has denied Adidas’ motion for a preliminary injunction seeking to prevent Skechers from selling its Mega-Blade series of children’s shoes and dismissed Adidas’ claim against Skechers for willful infringement of two patents allegedly covering Adidas’ Springblade shoes. In July 2016 , Adidas sued Manhattan Beach, California-based Skechers (SKX) alleging that Skechers’ Mega-Blade series of children’s shoes infringed two separate Adidas patents covering the “leaf spring” sole for its Springblade shoe style.
Adidas alleged Skechers copied its 'Springblade' concept but a judge ruled otherwise.
In two decisions this week, U.S. District Judge Michael Simon in Portland, Oregon said Skechers did not willfully infringe two Adidas patents by selling its less expensive "Mega Blade" sneakers, and denied Adidas' request for a preliminary injunction to halt sales. The decisions are a blow to Adidas, which like some rivals often turns to U.S. courts to stop rivals from selling products it considers knockoffs.