NEWYORK –
Peloton Interactive Inc has settled a lawsuit in which Lululemon Athletica Inc alleges the exercise bike maker infringed its patent by developing a line of women’s clothing.
Not admitting wrongdoing, Peloton agreed to remove “certain designs” that Lululemon had opposed in a lawsuit, the companies said in a joint statement on Friday.
“The parties have negotiated a mutually agreed solution and are satisfied that the issues can be resolved amicably, resulting in the dismissal of pending litigation between them,” the public prosecutors said. ty said.
Lululemon sued Peloton on November 29 in Los Angeles, accusing it of infringing on six design patents by selling five “fake” bras and leggings: Strappy Bra, High Neck Bra, Cadent Peak Bra, Cadent Laser Dot Bra and Cadent Laser Dot Leggings.
The lawsuit comes five days after Peloton sued Lululemon in Manhattan, claiming it did not infringe any of Lululemon’s patents after the Canadian company threatened to sue.
U.S. District Judge Andrew Carter dismissed Peloton’s case on Thursday, clearing the way for Lululemon’s case in Los Angeles to proceed.
The dispute arose from New York-based Peloton launching a private clothing label in September 2021, following the end of the two companies’ five-year co-branding relationship.
Lululemon, based in Vancouver, British Columbia, also called Peloton’s One Lux Tight is a parody of its popular Align pants.
Peloton has struggled to combat falling demand for bikes and home workouts as more and more people return to the office and gym. Its share price has dropped more than 90% since last October.
On Thursday, Peloton said it would start selling its gear at Dick’s Sporting Goods, the first brick-and-mortar store to offer gear other than the Peloton store.
Reporting by Jonathan Stempel in New York Editing by Marguerita Choy
