The move to cease litigation follows a US Court of Appeals decision in September stating that YSL had not infringed on Louboutin’s red-sole trademark by retailing an all-red shoe. The Court also upheld Louboutin’s trademark, excepting cases when the shoe in question is red all over, like YSL’s.

Both fashion houses called the decision a major victory, and it looks like they meant it, to the extent that at least one of the parties would like all the legal wrangling to cease.

‘Now that the Court of Appeals has definitively ruled for Yves Saint Laurent and has dismissed Christian Louboutin’s claims, Yves Saint Laurent has decided to end what was left of the litigation and refocus its energies on its business and its creative designs,’ YSL counsel David Bernstein said in a statement to WWD.

‘By dismissing the case now, Yves Saint Laurent also wishes to ensure that the Court will not make any further rulings that put at risk the ability of fashion designers to trademark color in appropriate cases.’

And... scene?

UPDATED: Not quite! Louboutin gets the last word here, with a statement that includes the following:

'We have considered this case closed since last September when the court of appeals rendered their ruling re-affirming the validity of our trademark rights on the red sole in the United States.... The ruling deprived Yves Saint Laurent of its claim for cancellation of our trademark. 'We are delighted to note that Yves Saint-Laurent [sic] have instead decided "to refocus their energies on its business and its creative designs."'

See Louboutin's new bridal shoes here