Reebok agrees to recall Tebow T-shirts

@CNNMoney April 11, 2012: 7:27 AM ET
Reebok settled with Nike and has agreed to stop selling, making and distributing Tim Tebow apparel.

Reebok settled with Nike and has agreed to stop selling, making and distributing Tim Tebow apparel.

NEW YORK (CNNMoney) -- Reebok has reached a settlement with Nike, agreeing to stop producing sports apparel with the name of football star Tim Tebow, according to court documents.

Reebok agreed to stop manufacturing, distributing and selling its "unauthorized Tebow products," namely T-shirts and jerseys printed with the name of the New York Jets' quarterback, according to documents filed in the U.S. District Court in New York.

Nike (NKE, Fortune 500) filed suit against Reebok on March 28, one week after Tebow was traded from the Denver Broncos to the Jets. One day later, a federal judge issued a temporary order against Reebok to stop making the products with Tebow's name.

The court ordered Reebok to tell its retailers to pull the "unauthorized Tebow products" from its shelves and that selling the products could "expose them to liability." Reebok, a unit of German sporting equipment and apparel-maker Adidas (ADDDF), was also ordered to offer to repurchase the shirts.

The document did not mention whether the settlement involved a cash settlement, except to say that no costs or attorneys' fees would be awarded to either Reebok or Nike.

Reebok and Nike did not immediately return messages from CNNMoney. To top of page

CNNMoney Sponsors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.