Chinese banks don’t owe $150m over Nike, Converse dispute
The US Court of Appeals for the Second Circuit says that six Chinese banks should not be subject to a $150 million penalty for allegedly enabling Nike and Converse counterfeiters to move money out of the US.
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26 June 2020 The US Court of Appeals for the Federal Circuit yesterday, June 25, ruled in a long-running dispute between competitors Adidas and Nike over patents covering the manufacture of knitted sneakers.
