ESPN Inc and Quiksilver Inc announced that they have resolved the trademark related lawsuits between the parties.
"We are very pleased to have resolved this dispute and to begin working closely with Quiksilver to grow the action sports community and to further position the X Games as the premier destination for action sports," said Rick Alessandri, Senior Vice President & Managing Director, X Games Franchise.
Robert B. McKnight, Jr., Chairman of the Board, President and Chief Executive Officer of Quiksilver, Inc., added, “We are pleased that we are once again working together with ESPN to use our collective influence in promoting action sports around the world. It’s clear that together we can make a bigger impact on the athletes and fans who, like us, participate in and follow action sports as a part of their lifestyle.”
The terms and conditions of the settlement were not disclosed.
Quiksilver Inc is the world’s leading outdoor sports lifestyle company, which designs, produces and distributes a diversified mix of branded apparel, footwear, accessories and related products. The Company’s apparel and footwear brands represent a casual lifestyle for young-minded people that connect with its boardriding culture and heritage.
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