Yesterday, we detailed the horrific and utterly shameless looting of Los Angeles based consignment store the Holy Grail and the manager’s guarded optimism of a potential reopen and recovery of goods. Today, HG’s owner Richard Torres maintained that insurance would cover the estimated value of the stolen kicks, accessories and apparel. Torres and his staff have already begun rebuilding the store’s broken down facade and would appreciate any spiritual support, donation of time, or value of service. Here’s to hoping dedicated readers like you help guide the Holy Grail upwards and onwards towards the light of functional salvation!

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Eddie Van Halen recently filed a lawsuit against Nike, accusing the world-known brand for using the copyrighted striped pattern Van Halen made famous on his “Frankenstein” guitar without permission. The aforementioned striped pattern was used on the mid-sole of the pictured Nike Dunk Low sneakers. A spokeswoman from Nike INC. states that “Nike has not referenced the ‘Van Halen’ name or image as part of any marketing campaign or promotional material associated with the shoe,” while Van Halen believes that Nike has done “irreparable harm and damage.” Van Halen wants Nike to recall all Nike Dunk Lows with this colorway as well as give up all profits made from the sneaker. Another key aspect of this lawsuit is the fact that Van Halen released their own signature sneaker not too long ago with the same exact pattern on the entire sneaker. Be sure to check out the pictures after the jump, and let us know what you think of this lawsuit by dropping a comment below.

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Earlier this year, we previewed the Nike Air Maxim 1, and we are now receiving word that Nike’s newest Air Max model has begun to arrive at retailers. The Air Maxim 1 takes the silhouette of the Air Max 1 and combines it with Flywire technology in order to give the classic sneaker a technological twist. This pair of the Air Maxim 1 hosts a white upper with varsity red accents seen on the inner lining, swoosh, and mudguard, while black accents are visible via the out-sole and tongue tag. The Nike Air Maxim 1 – White/Varsity Red-Black is now available at select Nike retailers.

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With the Nike Hypermax already released in a couple styles, we now have our first look at a new colorway of its guard-oriented counterpart, the Nike Hyperize. This pair of the Hyperize features a white upper accented by a metallic silver grid pattern on the side panels, a grey mid-sole, white grid out-sole, and grey laces. Overall, this sneaker yields a bright and fresh new colorway that is definitely worth purchasing to play in this summer season. Unfortunately, there is no definitive release information regarding this Nike Hyperize, so be sure to stay tuned for updates.

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Jordan Brand does not only care about what’s on your feet, but also the feet of the little ones in your life. With the summer now under way, it’s only a matter of time until children begin their hunt for the perfect shoes and lunch box to carry to school in August. Made exclusively in preschool and toddler sizes, this pack is composed of an Air Jordan 1 inspired sneaker as well as a lunch box. The sneaker comes in a white/black-red color scheme, while the lunch box is black with a cartoon Air Jordan logo in the center. The Air Jordan Preschool J Man Casual Shoe & Lunch Box is now available in Preschool and Toddler sizes for $69.99 and $54.99, respectively.
Click to Purchase at Finishline.com

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While Jordan Brand continues to use polka dots on their sneakers, Nike has started to bring a speckle print pattern onto their high-top basketball model, the Dunk High. This style of the Dunk hosts a black base accented by volt laces, yellow speckles, a black patent leather swoosh, and a volt tongue tag. Overall, this pair yields a fresh and unique colorway that definitely sways away from the typical Dunk colorways. The Nike Dunk High – Black/Volt-Yellow will release in December 2009 at HOH and Footlocker locations. Via Footlocker.

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As part of the Nike SB November 2009 collection, the Bruin SB will be releasing in a new sport red colorway. The popularity of the Bruin SB has grown exponentially over the past few months, with key releases such as the Nike SB Bruins x Supreme. This pair features a sport red upper with white accents seen on the swoosh, mid-sole, inner lining, and laces. The Nike Bruin SB – Sport Red/White is set to release in November ‘09

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