Converse settles lawsuit with black college groups
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From the Associated Press
Converse Inc. will share sales revenue from shoes bearing the colors and founding dates of black fraternities and sororities to settle a trademark infringement lawsuit filed by the Greek organizations, Converse and the groups said.
The organizations will drop the lawsuit they filed in Dallas federal court in 2003, and North Andover, Mass.-based Converse will pay them a percentage of revenue on each product sold that bears their trademarks.
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