Adidas Ltd. AG, a major German sports apparel manufacturer, will get $305 million in damages following the favorable verdict in trial against Collective Brands Inc.
Adidas sued Collective Brands (previously it was known as Payless ShoeSource) in 2001 for violating Adidas' three-stripe trademark.
Collective Brands announced its plans to overturn the verdict.
Adidas AG is the part of the Adidas Group, which consists of Reebok sportswear company, Taylormade golf company, and Rockport. The company is the second largest sportswear manufacturer in the world.
The company's clothing and shoe designs typically feature three parallel stripes, and this same motif is incorporated into Adidas's current official logo. The company revenue for 2007 was 10.299 billion EUR, or about $15.6 billion.
On June 16, Geneva hosted the first meeting between presidents of Russia and the USa, Vladimir Putin and Joe Biden. After the talks, the presidents, as expected, did not hold a joint press conference