Kool Kiy, which is owned by Nickwon Arvinger and David Weeks, argues that it’s a well-known streetwear brand in its own right, as its shoes are sought after by celebrities and sneaker fans alike.

On May 15, both parties agreed to a settlement in favor of Nike, with news of the agreement first reported by @SneakerPhetish on X. In the confidential agreement, Kool Kiy is ordered to pay the ...