By Hailey Konnath (May 16, 2022 6:53 p.m. EDT) – Peloton and product maker NordicTrack, iFIT, announced Monday that they have reached a settlement that settles the legal battle between the competing fitness companies that have been fighting each other will settle patents covering home exercise technology in several legal forums for years.
New York-based Peloton Interactive Inc. and Utah-based iFIT Inc. said in a joint statement that all pending lawsuits between them will be dismissed.
“As a result of this comprehensive settlement, iFIT has agreed to remove certain on-demand leaderboard technology from its products and Peloton has agreed to license certain iFIT patents relating to remote control technology,” they said. “The parties…
Stay ahead of the curve
In the legal profession, information is the key to success. You need to know what’s happening with customers, competitors, operations, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
- Access to case data in articles (numbers, files, courts, type of action and more.)
- Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
- Create custom alerts for specific article and case topics, and more!
TRY LAW360 FREE SEVEN DAYS