Skechers sues Sears over shoe patent,
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Skechers USA Inc. sued Sears Holdings Corp. for selling footwear that infringes the patents and trademarks for products such as Shape-ups and Twinkle Toes.
Skechers is seeking monetary damages and a court-ordered prohibition of the sale of the products,
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“While we value our relationship with Sears,
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Sears is selling the allegedly infringing products,
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ASICS Gel-Enduro 6 - Men's, at Sears and Kmart stores and on websites, Skechers said. Sears and Kmart also sell Skechers shoes,
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Skechers rose 30 cents, or 1.5 percent,
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best price on asics running shoes, to $84.54 on the Nasdaq Stock Market. The shares had risen 13 percent this year before today.