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Skechers Sues Adidas Over FBI Probe Into Basketball Investigation

Skechers has filed a lawsuit against Adidas, claiming it was at an unfair advantage as a result of the issues centered around the FBI's investigation into college basketball, reports the Louisville Courier Journal's Gentry Estes.

According to the Journal, the lawsuit was filed Wednesday in California and argues "illicit payments denied competitors like Skechers who play by the rules a fair opportunity to compete for the cachet of having trend-setting high-school and college athletes seen in their products."

The company claimed it was "harmed" because of the increased advertising costs and the company lost sales and goodwill as a result of Adidas.