STOCK TITAN

Crocs Files Infringement Suits Against 21 Defendants in U.S. District Court

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Negative)
Tags
Rhea-AI Summary

Crocs, Inc. (NASDAQ: CROX), based in Broomfield, Colorado, has filed lawsuits against 21 entities for trademark infringements related to its three-dimensional trademark rights. The lawsuits, submitted to various U.S. District Courts, seek monetary damages from companies such as Walmart, Hobby Lobby, and Cape Robbin for violating Crocs' intellectual property.

This move follows a June 2021 complaint with the ITC aimed at blocking imports of infringing products, with the ITC launching an investigation into over 20 companies.

Positive
  • None.
Negative
  • The lawsuits could lead to prolonged legal battles, which may distract from Crocs' core business operations.
  • The need for legal action may reflect challenges Crocs faces in protecting its brand and market position.

BROOMFIELD, Colo., July 13, 2021 /PRNewswire/ -- Crocs, Inc. (NADSAQ: CROX), a global leader in innovative casual footwear for women, men and children, announced that it has filed lawsuits against 21 companies alleging infringements of its registered trademarks.

The lawsuits, filed in various U.S. District Courts around the country, seek monetary damages for violations of certain intellectual property relating to Crocs' three-dimensional trademark rights.

The defendants named in the lawsuits include: Cape Robbin Inc.; Bijora, Inc., d/b/a Akira; Dr. Leonard's Healthcare Corp. d/b/a/ Carol Wright; Crocsky; Fujian Huayuan Well Import and Export Trade Co., Ltd.; Fullbeauty Brands Inc. d/b/a Kingsize; Hawkins Footwear, Sports, Military & Dixie Store; Hobibear Shoes and Clothing Ltd.; Hobby Lobby Stores, Inc.; Ink Tee; La Modish Boutique; Legend Footwear, Inc., d/b/a Wild Diva; Loeffler Randall Inc.; Maxhouse Rise Ltd. (Walmart Supplier); PW Shoes, Inc. a/k/a P&W; Royal Deluxe Accessories, LLC; Shoe-Nami, Inc.; Star Bay Group Inc.; Walmart, Inc., Yoki Fashion International LLC; Quanzhou ZhengDe Network Corp., d/b/a Amoji; and 718Closeouts.

"These actions underscore our determination to take forceful steps to protect our trademarks and other intellectual property," said Daniel Hart, Executive Vice President and Chief Legal & Risk Officer at Crocs. "It is essential that we protect Crocs' iconic DNA, and we will not tolerate the infringement of our rights or those who try to freeride on the investments we have made in our brand."

Crocs' latest filings are in furtherance of the June 2021 complaint filed with the United States International Trade Commission (ITC) that seeks to block the importation and subsequent sale of products into the United States that infringe on the same rights. Last week, the ITC formally agreed to institute an investigation into more than 20 companies that are selling products that infringe Crocs' trademarks.  

About Crocs, Inc.
Crocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The vast majority of shoes within Crocs' collection contain Croslite™ material, a proprietary, molded footwear technology, delivering extraordinary comfort with each step.

In 2021, Crocs declares that expressing yourself and being comfortable are not mutually exclusive. To learn more about Crocs or our global Come As You Are™ campaign, please visit www.crocs.com or follow @Crocs on Facebook, Instagram and Twitter.

Investor Contact:
Cori Lin, Crocs, Inc.
(303) 848-5053
clin@crocs.com

PR Contact:
Ryan Roccaforte, Crocs, Inc.
(303) 848-7885
publicrelations@crocs.com 

Crocs Logo (PRNewsfoto/Crocs, Inc.)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/crocs-files-infringement-suits-against-21-defendants-in-us-district-court-301332452.html

SOURCE Crocs, Inc.

FAQ

What legal action has Crocs filed recently?

Crocs has filed lawsuits against 21 companies alleging trademark infringements in U.S. District Courts.

Who are the defendants in Crocs' trademark lawsuits?

Defendants include Walmart, Hobby Lobby, and Cape Robbin, among others.

What is the objective of Crocs' lawsuit filings?

The lawsuits seek monetary damages for violations of Crocs' three-dimensional trademark rights.

What recent action did Crocs take with the ITC?

In June 2021, Crocs filed a complaint with the ITC to block the importation of infringing products.

What impact do these lawsuits have on Crocs' business?

They may lead to legal distractions and highlight challenges in brand protection.

Crocs, Inc.

NASDAQ:CROX

CROX Rankings

CROX Latest News

CROX Stock Data

6.30B
56.56M
2.91%
94.23%
7.34%
Footwear & Accessories
Rubber & Plastics Footwear
Link
United States of America
BROOMFIELD