WWD is reporting that the high-profile legal battle of the red-soled shoe, Saint Laurent America Inc. is canceling its six counterclaims against Christian Louboutin SA - four without prejudice and two with prejudice.
In court documents filed Tuesday, YSL said it "has decided that these claims are no longer worth pursuing ... thus resolving what remains of this litigation and allowing the parties to close the book on this litigation and refocus their attention on their respective fashion creations."
That means the case, originated by Louboutin in April 2011 for $1 million in damages, could officially be over in about a week, said Louboutin's lawyer, Harley Lewin of McCarter & English.
Asked if he was relieved, Lewin told Footwear News, "Yes, of course. I'm not at all surprised [YSL did this]. We retain the right to oppose the motion. We're still discussing it, but chances are 99 percent that it won't happen."
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