TOPEKA, Kan. (AP) _ Topeka-based Collective Brands Incorporated
is agreeing to pay 30 million dollars to settle a trademark infringement case brought by shoe rival K-Swiss.
The company is not admitting wrongdoing. But it will agree to avoid making and selling shoes that are confusingly similar to those made by K-Swiss.
Collective Brands operates the Payless and Stride Rite shoe store chains. It says it believes some of the 30 million-dollar settlement will be covered by insurance although it is fighting its insurance company in court.
Last month, an Oregon jury ordered Collective Brands to pay Adidas 305 million dollars for trademark infringement. The company has asked the court to dismiss or reduce the award, saying it is unreasonable.
(Copyright 2008 by The Associated Press. All Rights Reserved.)