Qiaodan Sports Rumors

It’s kind of an oldie, but it’s still a goodie… Remember when Michael Jordan sued Qiaodan Sports for ripping off his name? Well, now Qiaodan is coming back with a lawsuit of their own against Jordan to the tune of $8 million bucks. The Fujian-based company’s suit was accepted by a Quanzhou court on April 2nd after they claimed Jordan tarnished their reputation and delayed their plans for an initial public offering on the Chinese stock market. Qiaodan Sports, founded in June 2000, was approved by the China Securities Regulatory Commission in November 2011 for listing on the Shanghai Stock Exchange. The news was originally reported by the Wall Street Journal.