Published on 09/30/2022 at 18:45
The settlement comes a day after a New York court dismissed a lawsuit filed by Peloton pending Lululemon filing a trademark lawsuit. (Photo: The Canadian Press)
VANCOUVER – Lululemon Athletica Canada has reached a settlement in its lawsuit against Peloton Interactive alleging the exercise equipment company of patent infringement.
A voluntary dismissal notice filed with a California court on Friday said the companies had negotiated a “mutually acceptable resolution” to the trademark dispute.
The settlement comes a day after a New York court dismissed a lawsuit filed by Peloton pending Lululemon filing a trademark lawsuit.
The Vancouver-based training apparel maker had sent Peloton a cease and desist letter last November, alleging that the training equipment maker had copied several elements of its product design.
In response, Peloton had filed 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 “a preliminary complaint warranting dismissal.”
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