Online resale marketplace StockX NikeAlleges that this site allows the sale of counterfeit sneakers.
In response to Nike’s allegations, StockX defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft court filing seen by CNBC. Answers will be submitted to the US District Court in New York City on Monday.
“To date, Nike has been looking to collaborate with StockX and has communicated its confidence in the StockX certification process,” the Detroit-based company said in a draft filing.
Nike and the lawyer who represented Nike in this case did not immediately respond to the request for comment.
The court battle between Nike and StockX began over a non-fungible token, the NFT, a unique digital asset that consumers can buy and sell. Nike sued StockX in FebruaryNike Shoes NFT, an online marketplace, states that it infringes its trademark and can confuse customers.Nike was preparing to enter the so-called Nike Metaverse for a few monthsStarted selling its own NFT earlier this year. Reap a huge amount..
StockX claims to use NFTs to certify products because it seeks to increase efficiency and reduce customer costs.
Nike, Strengthen your own online businessAdded to proceedings last monthSay Corrected complaint I was able to purchase four pairs of counterfeit shoes that were confirmed to be genuine from StockX. Nike claimed that one of the pairs matched the Stock XNFT.
Nike said in a corrected complaint that it had obtained suspicious shoes through StockX from December to early February, just before filing its first proceedings against the company. In its draft filing, StockX questioned why Nike waited until May to include claims about counterfeit sneakers.
StockX CEO Scott Cutler said in a statement, “Nike’s recent claims have no merit, lack of understanding of the modern market, and are anti-competitive, squeezing secondary markets and hurting consumers. Shows good behavior. ” “We look forward to understanding why Nike, which was once trying to protect its reputation and cooperate in the fight against counterfeit, is now trying to undermine StockX’s business model.”
StockX, which promises “guaranteed reliability,” states that it differs from other resale sites because all products on the market are physically inspected and certified before they are delivered to the buyer. ..The company has been Equivalent to $ 3.8 billion There are several certification sites around the world. The draft response claims that the certification system inspected more than 30 million products and prevented $ 60 million worth of counterfeit sneakers from reaching buyers.
However, StockX acknowledged that counterfeit products could slip through the review process. In its filing, the company noted a refund policy “for the rare cases where counterfeit goods could fall into the hands of consumers.”
“This fact alone overturns the claim that StockX is deliberately or intentionally dealing with such products,” Filing said.