Payless to pay K-Swiss over stripes
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Payless ShoeSource, which last year changed its name to Collective Brands Inc., agreed to pay $30 million to rival K-Swiss Inc. to settle allegations that it violated the Westlake Village company’s trademark by selling shoes with five-stripe designs.
Under the deal, Payless agreed not to sell “confusingly similar” footwear, K-Swiss said in a regulatory filing. Payless, based in Topeka, Kan., will be allowed to sell its inventory of disputed shoes through the end of the year.
A trial was scheduled to begin July 8 in federal court in Los Angeles.
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