The Supreme Court on Tuesday left in place lawyer Michael Avenatti’s conviction for plotting to extort up to $25 million from Nike. The justices did not comment in rejecting an appeal from Avenatti, who rose to fame representing porn actor Stormy Daniels in litigation against former President Donald Trump. The timing of the court's action, while Trump is on trial in New York over a hush money payment to Daniels, is coincidental.
Nike can put three stripes on some of its trouser designs in Germany, a court ruled on Tuesday, in a second appeal hearing pitting the U.S. sports apparel maker against its smaller rival Adidas. The Duesseldorf regional court had already prohibited the U.S. firm from using two or three stripes on five of its trouser designs after Adidas filed a trademark violation lawsuit in 2022. Nike can now use the stripes on four of the disputed models, while the ban for one remaining model remains in place, the court said, partially overturning the earlier decision.
Lululemon, Nike and Global Payments are part of the Zacks top Analyst Blog.