Nike Drops Lawsuit Against Olympic Hopeful Boris Berian
June 23 2016 - 10:48PM
Dow Jones News
By Sara Germano
Nike Inc. said Thursday it was dropping its breach of contract
lawsuit against Olympic running prospect Boris Berian, a case that
had sparked tensions within the running world.
The sportswear maker said it wanted to "eliminate [the]
distraction" of the lawsuit on the eve of the Olympic Trials, where
Mr. Berian is a favorite to earn a berth to the Summer Games in Rio
de Janeiro. A Nike spokesman confirmed that Mr. Berian is no longer
a Nike athlete.
Merhawi Keflezighi, an agent for Mr. Berian, said he and his
client were "cautiously optimistic" the dispute is over.
Last month, the sportswear giant sued Mr. Berian, the world
indoor 800-meter champion, alleging the 23-year-old violated his
Nike endorsement deal when he agreed to a sponsorship with New
Balance Athletics Inc. and declined what Nike described as a
matching offer.
Nike had brought the lawsuit just weeks ahead of the trials to
determine the U.S. squad for the Summer Games. A judge was expected
to rule next week on Nike's request to bar Mr. Berian from
competing in any non-Nike gear at the trials, which begin July
1.
"Nike legitimately exercised its right to match the New Balance
offer and believe we would prove this at trial," the company said.
"As a running company, we also recognize that this is a significant
time for Boris and in light of the judge's decision to delay the
ruling until June 28th, the eve of the Olympic Trials, we decided
to eliminate this distraction for Boris."
(END) Dow Jones Newswires
June 23, 2016 22:33 ET (02:33 GMT)
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