Michael Valek, Chris Ryan, and Matt Wermager are lawyers with the firm of firm of Vinson & Elkins LLP. Here, they discuss recent developments in our intellectual property system, the role the law plays to encourage innovation, as well as why any or all of this should matter to the rest of us. ...
On Monday, an Oregon jury returned a verdict for Adidas awarding it damages of almost $305,000,000 in a trademark dispute against Kansas-based Collective Brands Inc., which operates Payless ShoeSource. The jury found that Payless had infringed Adidas' "Three Stripe Mark" and "Superstar" trade dress by selling shoes that bore confusingly similar marks. The jury also found Payless liable for unfair and deceptive trade practices and trademark dilution.
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