The parties involved in the recent Nike lawsuit have already reached a settlement.
It was only a couple days ago that the sportswear giant filed a claim against its former designer Matthew Millward and his new employer Ralph Lauren Corporation for a breach of contract. But, The Fashion Law is reporting that yesterday, the Oregon federal court has posted a 60-day order of dismissal, noting "the court [has] been informed by counsel for the parties that this action has been settled.”
According to the original legal documents, the suit was a result of Nike's claim that Millward's new role as the vice president for men's design at Ralph Lauren Corporation's Club Monaco brand was a direct violation of his contract that stated he couldn't compete with Nike for one year following the termination of his employment. Millward left Nike in October of this year.
Nike also felt that if Millward, who played a key role in developing its sportswear including its ACG collection and the 2016 Olympic "Medal Stand" jacket, shared its confidential trade secrets with RLC, it would be detrimental to its business.
But, it appears they were all able to come to an agreement pretty quickly. No further details are being shared on the settlement at this time.
