An arbitrator in a lawsuit involving a case between a Converse subsidiary and Alon International, S.A., has awarded Alon, the former licensee of Converse in Brazil, Argentina, Paraguay and Uruguay, roughly $52.5 million in damages plus legal fees. Nike, the parent company of Converse, is fighting the ruling, but will likely have to take a provision in the 4th quarter for the arbitrator’s decision. Further details about the ruling could not be obtained due to standard confidentiality provisions. In other legal hang-ups, French authorities recently began investigating Nike’s European affiliate as part of an ongoing fraud probe related to the Swoosh’s involvement with the Paris Saint-Germain football team. Nike has denied the allegations but plans to cooperate with French investigators.