Nike Sues Edison Chen For $126 Million USD

SummaryNike is suing CLOT founder Edison Chen for breach of contract, demanding over $126 million USD, a lawsuit that comes more than a year after Chen ended his Nike collaborations to partner with Adidas.The specific details of the breach are currently unknown, but the lawsuit reflects Nike's increasing vigilance in protecting its brand, as it recently settled a separate case with custom-sneaker designer the Shoe Surgeon.CLOT founder Edison Chen is being sued by former partner Nike for brea...