Pony Inc. on Tuesday said it dismissed its trademark infringement suit against competitor Nike Inc.
Nike notified Pony that the campaign which prompted the lawsuit was no longer being used after the “campaign ran its course.”
In its suit filed in April, Pony had been asking for triple damages for willful infringement, statutory, exemplary and punitive damages, profits and attorneys’ fees.
Pony alleged that Nike’s “key distinguishing feature” in its campaign was the use of a chevron mark which is identical or virtually identical to one used by Pony.
Pony said it had “achieved our goal” as Nike is no longer “engaging in the infringement and unfair competition” noted in the suit.