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Nike's Covenant Not to Sue Bars Trademark Counterclaim
IPNews® - The Supreme Court ruled that Nike’s covenant not to sue a competitive shoe maker renders moot the defendant’s counterclaim.
Nike originally filed the lawsuit against Already LLC for trademark infringement, which Already answered with a counterclaim alleging that Nike’s trademark is invalid. When litigation costs became greater than the potential rewards, Nike attempted to get the case dismissed, but Already did not want to give up so easily.
To continue reading, click: Nike’s No-Sue Covenant Bars Counterclaim
(From:Intellectual Property News.com)