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Nike said Thursday it has settled its lawsuit against MSCHF, the stunt company that made the controversial "Satan Shoe" in collaboration with rapper Lil Nas X.

The big picture: MSCHF agreed to initiate a "voluntary recall and buy back" of any of the satanic-themed shoes for their original retail price. Given their secondary-market value, it is highly unlikely that any customers will ask the company to buy back their shoes.

  • The shoes, which retailed for $1,018, were going for more than $2,000 on Ebay on Thursday.

Catch-up quick: Nike filed a lawsuit on March 29 over the release of 666 "Satan Shoes," which use a Nike Air Max 97 as their base and supposedly contain a drop of human blood.

  • Last week, a federal judge blocked the sale of the last unsold shoe.
  • As part of Thursday's settlement, MSCHF also agreed to a voluntary recall of its "Jesus Shoes," which also used a Nike Air Max 97 as the base.

What they're saying: "If any purchasers were confused, or if they otherwise want to return their shoes, they may do so for a full refund," Nike said in an emailed statement.

  • "Nike had nothing to do with the Satan Shoes or the Jesus Shoes."

A lawyer for MSCHF said the company was "pleased" with the settlement.

  • "With these Satan Shoes – which sold out in less than a minute – MSCHF intended to comment on the absurdity of the collaboration culture practiced by some brands, and about the perniciousness of intolerance," the lawyer added.
  • "The artistic messages MSCHF hoped to share with these shoes were also powerfully communicated through Lil Nas X’s music video 'Montero (Call Me By Your Name)', and were dramatically amplified by the Nike lawsuit, which brought extraordinary publicity to MSCHF and its works of art."

The bottom line, via Axios chief financial correspondent Felix Salmon: This settlement is clearly a win for MSCHF, although Nike has also made its point that it had no involvement in the blasphemy.

Go deeper

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.

Advocates fret Roe v. Wade's 49th anniversary could be its last

Photo: Leigh Vogel/Getty Images for Women's March Inc

As Saturday marks the 49th anniversary of Roe v. Wade, the Supreme Court's landmark decision that legalized abortion access in the U.S., advocates warn the ruling is "more at risk now than ever."

The big picture: The Supreme Court in December heard a challenge to a Mississippi 15-week abortion ban that could throw Roe's survival into question, or at least narrow its scope.

Updated 14 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Pfizer and Moderna boosters overwhelmingly prevent Omicron hospitalizations, CDC finds — Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: The case for Operation Warp Speed 2.0 — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies — Federal judge blocks Biden's vaccine mandate for federal workers.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older — Austria approves COVID vaccine mandate for adults.
  5. Variant tracker