Footwear companies Crocs and Skechers have agreed to settle all outstanding worldwide litigation, including a US District Court action in Colorado, with Skechers agreeing to shelve some of its moulded footwear styles.

The lawsuits concerned Crocs' proprietary footwear and alleged that Skechers infringed a number of Crocs' patents and its trade dress. Skechers denied all of the allegations and filed counter claims against Crocs.

However, Skechers has today (3 December) agreed to discontinue production and sale of certain moulded footwear styles and focus on its core footwear styles, a statement said.

The lawsuits were resolved this week when the parties were able to agree on settlement terms that were "mutually acceptable to both companies", but not fully disclosed for confidentiality reasons.

The companies jointly stated: "We are pleased that we were able to resolve these matters without either side having to absorb the energy and expense that ongoing litigation requires. The companies expect that all pending matters will be disposed of within the next 30 days."