Peloton Is Suing Icon Health Over Patent Infringement
Unleashing its legal eagles from their aerie for a second time, Peloton Interactive (NASDAQ: PTON) filed a lawsuit against Icon Health & Fitness, Inc., a privately held exercise equipment manufacturer. The suit, filed last Friday in Wilmington, Delaware, alleges Icon copied certain features of Peloton's interactive fitness programs.
Peloton is no stranger to litigation. This February, it accepted a settlement in a long-standing lawsuit against Flywheel Sports. Flywheel admitted to infringing two of Peloton's patents with its Fly Anywhere Bike. The suit ended with Flywheel ending its online cycling classes on March 27, with customers eligible to trade in their bikes for a Peloton bike and $39 monthly Peloton subscriptions.
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