(CROX) Crocs Sued by Porsche for Trademark Infringement

November 11th, 2009

Crocs Inc. (CROX), a leading manufacturer of footwear, faces a lawsuit from Porsche Automobile Holding SE for alleged infringement of trademark.

In its lawsuit, Porsche has alleged that Crocs has used its widely popular sports car brand name Cayman for a line of footwear. With a starting price of about $51,000, Porsche Cayman is a two-seat hard-top sports car (and has won accolades such as “Best New Sports Car” by Auto Express). Crocs Cayman, on the other hand, is a rubber footwear with thick soles with a starting price of about $30 a pair.

Porsche has claimed that by using the Cayman name, Crocs has violated its trademark rights. Consequently, Porsche has asked Crocs to stop using the disputed name for its product line in its lawsuit and simultaneously pay compensation charges for the legal costs incurred. Although Crocs has not commented on the legal spat and alleged violation of trademarks, it intends to strongly defend itself against the allegations as mentioned in its recent quarterly filing.

Zacks Investment Research

More on this topic (What's this?)
3 Stock Charts – NFLX, AKS, CROX (The Wild Investor, 11/5/09)
Time To Take Another Look At Crocs, Inc – CROX (The Wild Investor, 1/14/10)
Crocs Inc. (CROX): Anatomy of a Falling Knife (Scott's Investments, 10/20/11)
Crocs up 30%, or one dollar and thirty cents. (CROX) (AlphaNinja, 8/7/09)
Read more on Crocs at Wikinvest

Related Posts:

  1. (BAC) Bank of America Sued by US Securities and Exchange Commission for Merrill BonusesThe US Securities and Exchange Commission (SEC) will aggressively pursue a trial against Bank of...
  2. (BRCM) Broadcom Corporation Sues Emulex for Patent InfringementBroadcom Corporation (BRCM) yesterday announced that it put forth litigation charges against Emulex Corporation (ELX) for...
  3. (TIVO) TiVo Wins Patent Infringement AgainThe satellite television provider TiVo Inc. (TIVO) is a pioneer in digital video recording (DVR)...
  4. (WFC) Wells Fargo Sued for Home CreditThe banking unit of Wells Fargo & Co. (WFC) has been accused by an Illinois...
  5. ($HPQ) HP Sued By EmployeesThree former employees sued Hewlett-Packard (HPQ) for default in paying millions of dollars of commission to...
  6. (UA) Under ArmourGets Penalized by AnalystsUnder Armour (UA) Gets Penalized by Analysts Yesterday, Under Armour (NYSE: UA) fell 16%. It’s...


Search Posts by Tag: | | Consumer Goods | Textile - Apparel Footwear & Accessories

RSS Feeds by Tag: CROCS Inc. | CROX | Consumer Goods | Textile - Apparel Footwear & Accessories |

Other Posts by: | RSS Feed for this author