Skechers USA said it will vigorously defend the patent suit filed in Texas federal court against Skechers by Kizik Design alleging, in essence, that the entire line of Skechers Hands Free Slip-ins infringe Kizik's patents. The company believes that Kizik's allegations are baseless.
Michael Greenberg, President of Skechers, stated, "The timing of this lawsuit is curious, coming on the heels of Skechers announcing a $9.42 billion merger with 3G Capital. Skechers has been advertising and selling its Slip-ins since December 2021 without so much as a letter from Kizik. Then, after the merger is announced, Kizik hires a law firm also used by Nike and attacks our whole Slip-ins product line."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.