Tuesday, March 28, 2006

Nike, Adidas win $38 million on counterfeit sales

Nike, Adidas win $38 million on counterfeit sales: U.S. District Court magistrate in New York has awarded Nike and Adidas-Salomon AG a total of $38 million in damages and fees stemming from sales of counterfeit shirts, sweatshirts, golf balls and other products bearing the sporting goods companies' names.

The judgment, entered on Feb. 27, names two groups of defendants that must pay Nike a total of $16 million and Adidas a total of $22 million.

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