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. 

Continue reading

Source Fool.com