Vans Inc. has settled its lawsuit against MSCHF Product Studio over the controversial 'Wavy Baby' sneakers, which parody Vans' Old Skool design. The settlement, filed in the US District Court for the Eastern District of New York, includes a permanent injunction preventing MSCHF from selling the shoes or using Vans' trademarks. Details of the agreement remain confidential, but MSCHF has acknowledged the validity of Vans' trademarks. This legal dispute, initiated in April 2022, saw MSCHF sell out of its 'Wavy Baby' shoes shortly after their release, prompting Vans to seek legal action. U.S. District Judge William Kuntz had previously ruled in favor of Vans, indicating the potential for consumer confusion. MSCHF, known for its satirical takes on consumer culture, had faced similar legal challenges in the past.