Wednesday, November 26, 2008

Nike Sues MercadoLibre over Fake Sneakers

On August 14, 2008, Nike requested a preliminary injunction against a subsidiary of MercadoLibre’s (MELI-$11.16) in the First Civil and Commercial Federal Court, Argentina. The sportswear maker alleged that the subsidiary of the leading online auctioneer in Latin America was infringing Nike’s trademarks as a result of sellers listing allegedly counterfeit Nike branded products through the Argentine page of the Company’s website. A preliminary injunction was granted on August 11, 2008, to suspend the offer of Nike-branded products …continue reading…

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

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