Skechers sues Sears over shoe patent,
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Skechers USA Inc. sued Sears Holdings Corp. for selling footwear that infringes the patents and trademarks for products such as Shape-ups and Twinkle Toes.
Skechers is seeking monetary damages and a court-ordered prohibition of the sale of the products, the Manhattan Beach, California-based company said today in a statement.
“While we value our relationship with Sears,
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Sears is selling the allegedly infringing products,
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Skechers rose 30 cents, or 1.5 percent,
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ASICS Gel-Cumulus 12 - Women's, to $84.54 on the Nasdaq Stock Market. The shares had risen 13 percent this year before today.