Converse wins suit against certain Apex sellers.NORTH READING, MA--(BUSINESS WIRE)--Feb. 4, 1997--A jury ruled unanimously in favor of Converse (logic) converse - The truth of a proposition of the form A => B and its converse B => A are shown in the following truth table: A B | A => B B => A ------+---------------- f f | t t f t | t f t f | f t t t | t t Inc. (NYSE NYSE See: New York Stock Exchange : CVE (Common Vulnerabilities and Exposures) A list of information security exposures and vulnerabilities sponsored by US-CERT and maintained by the MITRE Corporation. ) in a suit for breach of warranty Ask a Lawyer Question Country: United States of America State: Michigan Probably contract law; I live in Michigan; I ordered a used transition from a company in TX. This part is used; I know it's a crap shoot as to how good it is. and other claims the company brought against four former owners of Apex One Inc. in the Supreme Court of the State of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , County of New York. The jury awarded Converse a total of $25.6 million. However, as a result of certain contractual provisions in the Apex purchase agreement and certain other agreements, the total award is expected to be approximately $13.7 million. Converse does not know at this time whether any of the defendants will pursue any post trial motions or appeals. In addition, as a result of an agreement entered into between Converse and another Apex seller, the company expects to realize an additional $2.0 million. Converse, the largest U.S. manufacturer of athletic footwear, is a leading designer, manufacturer and marketer of high quality athletic and leisure footwear and apparel and is a licenser of sports apparel and accessories that are distributed worldwide through over 9,000 athletic specialty, sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport , department and shoe stores. CONTACT: Investor Contact: Donald J. Camacho Chief Financial Officer 508/664-1100 or Morgen-Walke Associates Christine DiSanto/Caroline Babbitt 212/850-5600 or Media Contact: Ellen Pulda, 508/664-1100 or Morgen-Walke Associates Stacy Berns, 212/850-5600 |
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