Crocs and Skechers settle dispute
Crocs and Skechers have agreed to settle all outstanding litigation, including a US District Court action in Colorado.
The original lawsuits alleged that Skechers infringed Crocs’ patents and its trade dress. Skechers denied all of the allegations and filed counterclaims against Crocs.
The lawsuits were resolved this week when the parties were able to agree on settlement terms that are mutually acceptable to both companies. While specific terms of the agreement are confidential, Skechers has agreed to discontinue production and sale of certain moulded footwear styles and focus on its core footwear styles.
The companies jointly stated: “We are pleased that we were able to resolve these matters without either side having to absorb the energy and expense that ongoing litigation requires. The companies expect that all pending matters will be disposed of within the next 30 days.”
