OTHER NEWS - Dec. 28, 1991
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Nike and L.A. Gear Settle: The athletic shoe companies said they settled federal suits that they filed against each other in California and Oregon. Beaverton, Ore.-based Nike agreed to dismiss its claim that Marina del Rey-based L.A. Gear’s CATAPULT shoe technology infringes on Nike patents. L.A. Gear agreed to drop a counterclaim contending that Nike engaged in anti-competitive conduct. Under the settlement, neither company will compensate the other, the firms said. All other terms of the settlement are confidential.
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