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APEX RELEASES STATEMENT ON NBA DISPUTE
Published October 20, 1994
This morning, Apex President & CEO Joseph Kirchner released the following statement concerning the recent suit in New York's Supreme Court between Apex and NBA Properties: "As has been previously reported, we are currently involved in a dispute with NBA Properties. In support of our position, the court ruled on October 14th that our NBA license is still valid which allows us to continue the design, selling, and marketing of NBA licensed apparel. In summation, we are hopeful that all issues can be resolved as quickly as possible" (Apex). NBA Properties revoked Apex's NBA vendor's license in August over concerns that a line of Apex apparel conflicted with the rights of another NBA licensee. NBA officials declined to comment this morning, citing league policy against discussing on-going litigation (THE DAILY).