Adidas could cash in on battle
China Daily | Updated: 2008-06-18 07:53
Adidas AG, which was awarded a $304.6 million verdict against Payless ShoeSource on May 5 for selling knockoff striped sneakers, may win even more from Wal-Mart Stores Inc in a lawsuit making similar claims.
The world's second-biggest sporting-goods maker may collect at least $326 million in damages, the equivalent of $1.60 a share, if a jury agrees Wal-Mart copied Adidas's three-stripe sneakers by selling shoes with two-and four-stripe motifs as Payless did. A jury trial is set to start on Oct 6 in federal court in Portland, Oregon, the same courthouse where the Payless case was decided.
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