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Peloton, Lululemon settle lawsuit over apparel line
2022.09.30 13:47
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© Reuters. FILE PHOTO: A Peloton logo is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. REUTERS/Shannon Stapleton/File Photo
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NEW YORK (Reuters) – Peloton Interactive (NASDAQ:) Inc has reached a settlement of a lawsuit in which Lululemon Athletica (NASDAQ:) Inc accused the exercise bike maker of infringing its patents by developing a line of apparel.
Without admitting wrongdoing, Peloton has agreed to phase out “certain designs” that Lululemon had objected to in a lawsuit filed in November, Peloton said on Friday.
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