Peloton Defeats Bike+ Patent Infringement Lawsuit Brought by NordicTrack Maker
Peloton Interactive (NASDAQ: PTON) has emerged victorious from a legal fight with one of its rivals. On Monday, the exercise equipment and class specialist prevailed in a patent infringement lawsuit brought by Icon Health & Fitness, owners of the well-established NordicTrack line of exercise machines.
In a federal court in Delaware, Judge Richard Andrews found that in its suit, Icon "failed to demonstrate a likelihood of success on the merits or irreparable harm."
Steven Feldman, a lawyer representing Peloton in the case, said he was pleased with the ruling. The company hasn't made any official statement on it, nor has Icon.
Source Fool.com
