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Qiaodan Sports Files Countersuit Against Michael Jordan Seeking $8M

China-based sportswear company Qiaodan Sports is suing Bobcats Owner Michael Jordan for $8M in damages "after his lawsuit claiming unauthorized use of his name." The company said that Jordan, who filed a lawsuit in February, "tarnished its reputation and delayed its plan for an initial public offering." Qiaodan in today's statement "denied the unauthorized use of Jordan's Chinese name." The Basketball HOFer's lawsuit is proceeding in Chinese courts (BLOOMBERG NEWS, 4/10).
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