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• StockX defended its anti-counterfeiting measures in new filing
Detroit-based StockX filed an amended legal filing to Nike’s lawsuit against them, doubling down on the confidence it has in its authentication process.
In February, Nike filed a lawsuit against StockX alleging trademark infringement with the sales of its “Vault” non-fungible tokens (NFTs) of Nike sneakers.
In Monday’s filing, which was accessed by CNBC, StockX, responded to Nike’s allegations by defending its anti-counterfeiting measures. It said, “In the past, Nike has sought to collaborate with StockX and has communicated confidence in the StockX authentication process.”
Case of the counterfeit sneakers
StockX had earlier responded to Nike’s litigation in March by calling it “a baseless and misleading attempt to interfere with the application of a new technology to the increasingly popular and lawful secondary market for the sale of its sneakers and other goods.”
In May, Nike amended its original complaint against StockX, adding that it had purchased four counterfeit pairs of Air Jordan 1s through the marketplace between December 2021 and January 2022.
StockX said that the timing of Nike’s new allegation about counterfeit Air Jordan 1s is suspicious when the original lawsuit was against StockX’s NFTs.
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Source: CNBC