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Beaverton, Oregon, May 17 / PRNewswire / - NIKE, Inc. (NIKE, Inc.) (NYSE: NKE) today announced that the company's Converse (Converse) and Converse in Brazil Argentina, Paraguay and Uruguay before licensors Alon International, SA arbitrate contractual disputes arising between the ruling. According to the judgment, Alon will receive $ 52.5 million in damages plus attorney's fees, which is less than the cost of obtaining compensation for Alon earlier. Nike also failed to fulfill possible compensation, fees charged as of this surplus fourth quarter of fiscal 2006 of May 31, 2006 in from the company. Nike General Counsel Jim Carter said: "We pleaded against the judgment, and the exercise of legal rights against the verdict and damages." Standard confidentiality provisions of the arbitral award is prohibited from commenting on the contents of the judg cheap jordans ment. attorneys' fees in the fourth quarter of the amount actually paid by the final decision of the arbitral institution and an assessment of any further proceedings Nike likely outcome of the decision. Nike expects to report earnings in the fourth quarter and full year of fiscal 2006 near the end of June 2006, when. Nike Company Profile Nike is headquartered in Beaverton, Oregon neighborhood, it is used for a variety of sports and fitness activities quality sports shoes, the world's leading designer sportswear, sports equipment and accessories, promotion and marketing enterprises. Nike's wholly owned subsidiaries include design, marketing and sale of athletic footwear, apparel and accessories of Converse Inc. 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