Louis Vuitton settles with New Balance
December 16, 2009 06:05 PM
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Louis Vuitton said today it had agreed to stop selling the Minstrel shoe line as part of a settlement reached with New Balance Athletic Shoe Inc., which accused the French luxury goods company of copying New Balance's best-selling 574 shoe.
Boston-based New Balance, which filed the lawsuit in September, would not disclose any additional details of the settlement but said the lawsuit had been dismissed.
“We are pleased to have reached an amicable resolution of this matter with New Balance," Michael Pantalony, Louis Vuitton's director of civil enforcement, North America, said. "Respecting and protecting the integrity of intellectual property is essential, and is a top priority for Louis Vuitton.”
Ed Haddad, New Balance's vice resident of intellectual property, said in a statement, “We appreciate Louis Vuitton’s cooperation in promptly resolving this matter. Both companies are united in the fight to protect intellectual property."
Boston-based New Balance, which filed the lawsuit in September, would not disclose any additional details of the settlement but said the lawsuit had been dismissed.
“We are pleased to have reached an amicable resolution of this matter with New Balance," Michael Pantalony, Louis Vuitton's director of civil enforcement, North America, said. "Respecting and protecting the integrity of intellectual property is essential, and is a top priority for Louis Vuitton.”
Ed Haddad, New Balance's vice resident of intellectual property, said in a statement, “We appreciate Louis Vuitton’s cooperation in promptly resolving this matter. Both companies are united in the fight to protect intellectual property."
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