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Tim Tebow apparel lawsuit settled

Updated: April 10, 2012, 6:26 PM ET
Associated Press

NEW YORK -- Running for a loss, Reebok has scrapped its effort to sell New York Jets Tim Tebow apparel, agreeing to rid stores of thousands of jerseys and T-shirts it stamped with the quarterback's name after he was traded from the Denver Broncos to the Jets last month.

The terms of a settlement with Nike were disclosed Tuesday in papers filed in U.S. District Court in Manhattan that had been signed a day earlier. It was not clear if any money changed hands.

Beaverton, Ore.-based ...

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