Michael Jordan’s infringement lawsuit tarnished the reputation of defendant, so new suit says

Qiaodan Sports Company Limited designs, manufactures and sells sportswear and sports accessories. Micheal Jordan sued Qiaodan early in 2012 for using his Chinese name and jersey number (23) without permission.

Now arises a new addition to the risks associated with infringement lawsuits. At the time of the infringement suit, Qiaodan was contemplating an IPO, and they have sued Michael Jordan for $8M claiming the infringement lawsuit tarnished its reputation and delayed its plan for the initial public offering.