Nike (NKE) has settled its legal battle with the MSCHF-based Brooklyn brand over the Lil Nas X ‘Satan Shoes’. In a statement given to Yahoo Finance, Nike further distanced itself from the controversial shoe, as well as the MSCHF that created ‘Jesus Shoes’ in 2019 using Nikes as a base.
In both cases, the statement read: “MSCHF changed these shoes without Nike’s permission. Nike had nothing to do with the Satan Shoes or the Jesus Shoes.”
[Read more: Expert: Why Nike stands a ‘reasonably good chance’ to win its case vs Lil Nas X’s ‘Satan sneaker’]
As part of the settlement, Nike has asked MSCHF to start a voluntary recall to buy back Satan Shoes and Jesus Shoes for their original retail prices to take it out of circulation.
The statement also reads: “If buyers were confused, or if they would otherwise like to return their shoes, they can do so at a full refund. Buyers who choose not to return their shoes and later a product problem, defect or health “Concern should contact MSCHF, not Nike. The parties are happy to put this dispute behind them.”
Nike told Yahoo Finance that both parties were happy to put the dispute behind them. However, the sportswear giant did not release further details about the settlement.
In an email to Yahoo Finance, David H. Bernstein of Debevoise & Plimpton, a lawyer for MSCHF, said the settlement ‘is the best way to allow [MSCHF] to put this lawsuit behind it so that it could devote its time to new artistic and expressive projects, “and note that the brand” has already achieved its artistic purpose. “
Bernstein writes: ‘With these Satan shoes – which sold out in less than a minute – MSCHF intended to comment on the absurdity of the collaborative culture practiced by some brands, and on the perniciousness of intolerance. The 666 shoes (of which 665 were already sold and sent to collectors before the interim hearing last week) were individually numbered works of art that will continue to represent the ideals of equality and inclusion, wherever they are displayed. ”
In an ironic twist, Nike may find itself in a legal battle with the US Postal Service over a proposed USPS-inspired shoe – The Nike Air Force 1 USPS.
Editor’s note: This story has been updated with comments from Debevoise & Plimpton.
Reggie Wade is an author of Yahoo Finance. Follow him on Twitter @ReggieWade.
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