Nike is moving forward with its trademark-infringement lawsuit against Stock X as the footwear company claims it purchased four counterfeit pairs from the reselling platform.
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Nike purchases four pairs of Air Jordan 1 “Patent Breds” and claims they’re fake
The company asked a federal judge for permission to add counterfeit claims and false advertisement as Stock X claims to sell sneakers that are “100% authentic.” During a court filing on Tuesday, Nike said they purchased four counterfeit pairs of sneakers from the platform despite the sneakers providing the authenticity tag and receipt.
Nike lawyers say they obtained fake pairs of Air Jordans on StockX, slamming the platform’s authenticity guarantee in their lawsuit. pic.twitter.com/KRm14CqIMV
— brendandunne (@brendandunne) May 11, 2022
“Those four pairs of counterfeit shoes were all purchased within a short two-month period on StockX’s platform, all had affixed to them StockX’s ‘Verified Authentic’ hangtag, and all came with a paper receipt from StockX in the shoe box stating that the condition of the shoes is ‘100% Authentic,’”
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According to Bloomberg, the federal lawsuit was filed in February after Nike accused the reselling platform of taking advantage of their trademarks with a service called Value NFTs. However, Stock X argued in court that the NFTs are not digital sneakers and are physical sneakers that can be purchased from their vault. The sneakers can also be traded among users.
The lawsuit comes after Stock X plans to become public since the platform has earned a reputation for resellers to invest and profit off the sneakers in their inventory. Currently, the company is valued at $3.8 billion.
Customers react to the news of Nike purchasing counterfeit shoes from Stock X
Over the years, Stock X has faced criticism over the customer service policies in addition to other issues involving resellers. Social media was shocked to learn about the lawsuit as Stock X has been accused of selling counterfeits for years.
nike suing stock x after buying 4 fake nike sneakers from their website….yikes and y’all still wearing the stock x tag on y’all shoes?? 🤭
— Hugo Tropicana (@hugotropicana) May 11, 2022
Nike finessed the hell outta Stock X, caught they ass selling fakes 😂
— Riata Jedi (@Mars_Gz) May 11, 2022
StockX is getting sued from NIKE for selling fakes and I’m am HERE for it. Stock x is a joke
— Kevin (@bevin18_) May 11, 2022
Face it you can’t stop fakes from getting thru the system as long as their made across the globe and the workers only make enough money for food how you gonna stop counterfeit goods and when you can’t stop retail employee theft
— Pierre Mcclane (@pierrelmcclane) May 11, 2022
Nike should take over authentication of Nikes and get a 50% cut of all fees from Nike sales. Boom stockx becomes 100% credible, Nike has a new low overhead revenue stream, and fakes are effed
— Andrew (@anontwitza) May 11, 2022
I stopped buying sought after shoes from stockx after the first Travis release. They let too many fakes through https://t.co/fmg2cgK3As
— Beez (@BeezSLS) May 11, 2022
StockX after reading Nike bought four pairs of fake shoes off them pic.twitter.com/tskCRAFGqI
— @NiceKicksDez (@DezWeNeedMoore) May 11, 2022
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