As Peloton gets its financial ducks in a row, it appears the company is easing up on its patent disputes. Today, Peloton and iFit — which owns rival NordicTrack — announced that they’ve settled all pending litigation and that “all pending actions between the companies will be dismissed.”
The announcement itself was brief, offering little detail. As part of the settlement, iFit has agreed to remove some on-demand leaderboard tech from its devices, while Peloton will license “certain iFit patents relating to remote control technology.” This is somewhat a reversal in attitude from where Peloton was roughly six months ago.
Back in November — just as Peloton’s stock woes were beginning to take hold — the company reportedly filed lawsuits...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.