Nike lawsuit stockx

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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. Footwear News has reached out to both Nike and StockX for comment and will update if a response is given.

Nike lawsuit stockx

By subscribing, you agree to our Terms of Use and Privacy Policy. Towards the end of , events 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. As the Nike v. StockX legal saga continues, recent court documents have been unveiled, revealing that a reseller once received 38 pairs of fake Air Jordan 1 s from the platform. He bought many University Blue, Mocha, and Hyper Royal Jordan 1s on StockX when the market price had dropped with the intent of holding and flipping later. In the event of receiving 38 fake AJ1s, Nike visited that reseller in July to confirm that at least 38 pairs of shoes received by the customer from StockX had been fake. The customer has since returned all the pairs on StockX for a full refund. You can always resell the item on our platform if you no longer wish to keep it. This latest tactic amounts to nothing more than a panicked and desperate attempt to resuscitate its losing legal case against our innovative Vault NFT program that revolutionizes the way that consumers can buy, store, and sell collectibles safely, efficiently, and sustainably. Take a look at the court document below. And StockX, allegedly, had a tough time authenticating them.

About Us. Online resale marketplace StockX is hitting back at Nike 's claims that the site has been allowing sales of counterfeit versions of its sneakers.

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.

Our editorial content is not influenced by any commissions we receive. A comprehensive look at the Nike vs. Find out what happened, where it stands, and what could happen next here. What looked at first like a relatively tame bout of litigation between Nike and resell giant StockX escalated this week, turning a lawsuit that was initially focused on trademark infringement via non-fungible tokens into a larger conversation about fake sneakers on the secondary market. The battle between Nike and StockX turned deliciously messy when the former asked to amend its original complaint on Tuesday, submitting to the court a revised lawsuit that accused StockX of selling fake sneakers.

Nike lawsuit stockx

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. Unlike other resellers, StockX made a name for itself by promising each shoe sold on its site is the real deal.

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Footwear Mar 19, A heavily redacted document submitted by Nike lawyers on Wednesday breaks down in some detail the source of the fake sneakers Nike has referenced in the lawsuit. Here, the reseller explains what happened. They know all that information. Again, to me, this was a huge systemic error. That was a pretty successful strategy up until all these consignment stores started going belly up and now that strategy no longer exists. More From FN. In the event of receiving 38 fake AJ1s, Nike visited that reseller in July to confirm that at least 38 pairs of shoes received by the customer from StockX had been fake. What to Read Next. How big was the refund from StockX? Skip Navigation. Is there one that you trust more than the other?

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Per the redacted letter, this happened on July 22, 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. Read Full Article. 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. Ian Servantes. Daily Headlines. Both constructed with premium leather and a Vibram outsole. Menu Expand. At this point in time, both these apps are saying these are failing, so I tried to reach out to StockX, originally. Follow Us. The Hollywood Reporter. Not expected to release for the general public. On Aug. The conversation has been edited for length and clarity. More From FN.