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Here is a lawsuit that is up there with the guy that sued Starbucks because his beverage was too hot. Skechers, the king of knocking off other brands' IP, has filed a lawsuit against a company called Aetrex for - you guessed it - patent infringement. I can try to describe the irony here, but words cannot do a better job than the picture below.

While this development has little near term investment significance, it is very noteworthy for Skechers. Given how frequently SKX is sued for patent infringement, I wonder how much more juice its plaintiffs will have now that SKX has acknowledged the economic harm caused by such behavior.

I still think that this company is overearning by a good 3 points (see my 6/4 post).