Peloton and iFIT settle all pending patent infringement litigation
Peloton Interactive, Inc. (Peloton) and NordicTrack maker iFIT, Inc. (iFIT) Monday released a joint statement regarding “the settlement of all pending litigation” between the two companies. As a resolution, “iFIT has agreed to remove certain on-demand leaderboard technology from its products, and Peloton has agreed to license certain iFIT patents relating to remote control technology.” This series [...]