Nike Drops Lawsuit Against Olympic Contender

Nike dropped its lawsuit against Boris Berian, , a top contender for the U.S. Olympic Team in the 800 meters, with the move coming just a week before the start of the U.S. Olympic Track and Field Trials.

Skullcandy Receives Unsolicited Offer

Skullcandy, Inc. (NASDAQ: SKUL) disclosed Friday that it received an unsolicited proposal from Mill Road Capital to acquire all its outstanding shares, just one day after entering an agreement to be acquired by Incipio LLC.

FESI Renews Pact to Fight Rogue Websites

The Federation of European Sporting Goods Industry (FESI) joined the European Commission, several right owners and e-commerce markets to sign an updated Memorandum of Understanding to fight rogue websites amid signs that online sales of counterfeit goods have grown dramatically.