(Vancouver) Lululemon Athletica Canada has reached a settlement in its lawsuit against Peloton Interactive, which accused the exercise equipment company of patent infringement.
Posted at 4:04 p.m.
A notice of voluntary discontinuance, filed in a California court, on Friday says the companies have negotiated a “mutually acceptable settlement” of the trademark dispute.
The settlement comes a day after a New York court dismissed a lawsuit filed by Peloton in anticipation of Lululemon filing a trademark lawsuit.
The Vancouver-based exercise apparel maker had sent Peloton a cease-and-desist letter last November, alleging that the exercise equipment maker had copied several elements of its product design.
In response, Peloton had launched its own lawsuit against Lululemon, asking the court to preemptively declare that it had not infringed Lululemon’s patents.
A federal court in New York on Thursday dismissed Peloton’s lawsuit, calling it “an advance action that warrants dismissal.”