StockX Statement on Motions for Summary Judgment

Published Nov 15, 2024 - Company News

Nike’s claims are completely misguided. Contrary to their allegations, StockX is a leader in the fight against counterfeiting, a pervasive issue affecting brands globally. It’s why verification has been at our core since inception, and because of our leadership in this space Nike has previously recommended StockX to its customers, partnered with StockX, and praised StockX as “a good actor.” We have invested millions of dollars in technology, training, and tooling to deliver on our commitment to our customers, and we stand behind our verification process with our Buyer Promise. 

The products in question in this case amount to a mere 0.0004% of the 17.8 million Nike sneakers StockX reviewed while this litigation was ongoing. Compare that to the more than $80,000,000 of suspected counterfeit sneakers alone that StockX has prevented from being sold on our platform. StockX has long done our part to prevent bad actors from trading on our platform, but we can’t do it alone. It’s a shame that rather than work with us to fight fakes, Nike has opted to use its resources to pursue meritless, expensive litigation and persecute a company that has long worked to fight the prevalence of counterfeits.