American Needle had an antitrust lawsuit against the NFL that challenged the league’s attempt to give exclusive apparel licensing rights to Reebok. The exclusive licence squeezed American Needle from the NFL licensing marketplace.
American Needle unceremoniously settled its antitrust lawsuit from the NFL, saving the case from trial. The settlement, which is under seal, presumably will pay a sum of money to American Needle.
Last week’s settlement in the American Needle case marks the anticlimactic end to one of the most ceremonious sports-antitrust lawsuits in recent memory, reported Forbes.
Full Content: Forbes
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