Adidas Wins $305 Million for Trademark Violation

Topeka, Kan. Adidas has won a $305 million award from a federal jury for trademark violation of its three-stripe design by a Kansas shoe company, according to the Associated Press.

Collective Brands Inc., which operates Payless and Stride Rite shoe store chains, called the award "excessive and unjustified" on Tuesday. A spokeswoman for Germany's Adidas AG said the company was happy with the verdict.

Adidas on Tuesday reported its first-quarter profit jumped 32% to $261.27 million.

Collective Brands said it plans to ask the court to set the verdict aside. If that request is not granted, the company said in a statement, Collective "intends to take all necessary steps to overturn it."