Nike settles lawsuit with NYC company over 'Satan Shoes'

Nike on Thursday announced a settlement in a trademark infringement lawsuit against a Brooklyn, New York, design studio that made and sold 666 pairs of Nike shoes with demonic imagery. Nike sued the company, MSCHF, on March 29, alleging the shoes "confused" consumers and diluted the value of Nike's brand. MSCHF never offered a full defense, but in a letter in opposition to Nike's motion for a temporary restraining order, the company argued a First Amendment defense, saying the shoes were "works…