Nike settles lawsuit against maker of Lil Nas X ‘Satan Shoes’ By Reuters

April 8, 2021 admin Stock News 0

© Reuters. Handout photo of “Satan Shoes” MSCHF produced in collaboration with the rapper Lil Nas X

NEW YORK (Reuters) – Nike Inc (NYSE:) said on Thursday it has settled a lawsuit against a Brooklyn company that made “Satan Shoes” in collaboration with the rapper Lil Nas X, and that the company has agreed to a voluntary recall.

The settlement with MSCHF Product Studio Inc resolves a trademark infringement lawsuit that Nike filed last week over the black-and-red, devil-themed sneakers, which carry the Nike “swoosh” logo.

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