Vans has agreed to settle its lawsuit against art collective MSCHF over its distorted parody versions of Vans' shoes, according to a filing in New York federal court.

A U.S. appeals court on Tuesday upheld an early victory for Vans in its bid to block sales of art collective MSCHF's "Wavy Baby" shoes, a parody of Vans' "Old Skool" shoe design that it accused of ...