Nike, Point 3 Settle Dwyane Wade Sneaker Dispute

Law360, New York (September 27, 2011, 2:18 PM EDT) -- Nike Inc. and Point 3 Basketball Inc. have settled a New York suit over whether the sneaker giant's new Air Jordan shoes endorsed by Miami Heat superstar Dwyane Wade infringe the smaller sporting goods maker's trademarked logo, the companies said Tuesday.

The athletic apparel companies said they had come to a confidential "mutually agreeable business resolution" of Point 3's April complaint over Nike's decision to use a highly similar stylized number three on its Wade sneakers, which were originally scheduled to go on sale in early...
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