Nike lawsuit stockx

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By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also process your information to help provide our services. Earlier this year, another judge ordered StockX to divulge information on how it handled the authentication process for the sneakers at-hand. On Aug. Magistrate Judge Sarah Netburn ordered StockX to produce additional information on the sellers behind the same sneakers. Specifically, Nike wants to know how many sales these sellers have completed — which could indicate the standards and level of scrutiny StockX applied in facilitating their sales.

Nike lawsuit stockx

By subscribing, you agree to our Terms of Use and Privacy Policy. Towards the end of , events between Nike and StockX got heated as the two companies engage in an ongoing lawsuit. Nike was suing the reseller platform for allegedly selling counterfeit shoes and having an unreliable authentication process. As the Nike v. StockX legal saga continues, recent court documents have been unveiled, revealing that a reseller once received 38 pairs of fake Air Jordan 1 s from the platform. He bought many University Blue, Mocha, and Hyper Royal Jordan 1s on StockX when the market price had dropped with the intent of holding and flipping later. In the event of receiving 38 fake AJ1s, Nike visited that reseller in July to confirm that at least 38 pairs of shoes received by the customer from StockX had been fake. The customer has since returned all the pairs on StockX for a full refund. You can always resell the item on our platform if you no longer wish to keep it. This latest tactic amounts to nothing more than a panicked and desperate attempt to resuscitate its losing legal case against our innovative Vault NFT program that revolutionizes the way that consumers can buy, store, and sell collectibles safely, efficiently, and sustainably. Take a look at the court document below. And StockX, allegedly, had a tough time authenticating them.

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By Victoria Song , a senior reporter focusing on wearables, health tech, and more with 11 years of experience. If you buy something from a Verge link, Vox Media may earn a commission. See our ethics statement. Now, StockX is hitting back. When Nike sued, it claimed the NFTs infringed on its trademarks and would be confusing to customers. Then, in an amended complaint , Nike said it bought four pairs of counterfeit shoes from December to February. Unlike other resellers, StockX made a name for itself by promising each shoe sold on its site is the real deal.

Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may get a commission. Reviews ethics statement. Nike also said it was able to buy counterfeit sneakers on the StockX online marketplace. The suit could set a legal precedent regarding what kind of NFTs can be created, and it could also put a dent in StockX's reputation. Nike's professional relationship with online marketplace StockX appears to have taken a turn for the worse. The two companies are locked in a legal battle that started with NFTs and has escalated with accusations of the selling of fake sneakers.

Nike lawsuit stockx

By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also process your information to help provide our services. Now, StockX is hitting back at Nike over claims that it sells counterfeit shoes.

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And StockX, allegedly, had a tough time authenticating them. Earlier this year, another judge ordered StockX to divulge information on how it handled the authentication process for the sneakers at-hand. So it was 38 out of It started off back in March, April Per the redacted letter, this happened on July 22, Advertiser Content From. His plan was to take advantage of a dip in the market and resell them for profit. Search for: Search Icon. Get the Latest Issue. I was trying to reach out to their discord and trying to get someone to escalate this internally somehow. StockX has argued it uses NFTs to track ownership of physical products as well as to increase efficiency and decrease costs for its customers. Foot Health. In its draft filing, StockX questioned why Nike waited until May to include its claims about the counterfeit sneakers.

By Victoria Song , a senior reporter focusing on wearables, health tech, and more with 11 years of experience.

Now, StockX is hitting back. They know all that information. Are you somebody who shops on there a lot? Fairchild Media. Image via Nike. That was kind of the arbitrage opportunity there. Children Footwear. In the event of receiving 38 fake AJ1s, Nike visited that reseller in July to confirm that at least 38 pairs of shoes received by the customer from StockX had been fake. We use vendors that may also process your information to help provide our services. I think based on their conversations, they knew what the situation was and I knew what the situation was as well. Yeah, so StockX did reach out at that point in time. It started off back in March, April And the scale is what exactly? Online resale marketplace StockX is hitting back at Nike 's claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike's allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC.