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Peloton, NordicTrack maker iFit settle all litigation

05/16/2022

Less than a minute

2022.05.16 17:11

Peloton, NordicTrack maker iFit settle all litigation
A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegri/File Photo

NEW YORK (Reuters) – Peloton Interactive (NASDAQ:PTON) Inc and NordicTrack maker iFit said on Monday they have reached a comprehensive settlement to end all pending litigation between them, and that the litigation will be dismissed.

In a joint statement, the companies said Peloton agreed to license some iFit patents concerning remote control technology, while iFit will remove some on-demand leaderboard technology from its products.

05/16/2022

Less than a minute

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