Callaway Sues Titleist, Cobra Over Drivers

by The Editors on June 14, 2007

Maybe we should start golfing. Seems like all the business news in Carlsbad is balls deep. Check this:

Callaway Golf Co., the sports equipment-maker that sued a subsidiary of Deerfield-based Fortune Brands Inc. last year for infringing four of its golf ball patents, filed a second lawsuit against its rival, this time over five of its patents for clubs.

Balls and clubs. . . oh, yeah. One more thing: According to Forbes, Last Thursday Steven C. McCracken, the chief administrative officer, senior executive vice president and secretary of Callaway exercised 40,700 options at $16.56 then sold them for $18.60 for a nice $83,028.

[Link: Chicago Tribune]

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