Why Peloton Is Being Sued by NordicTrack's Manufacturer
In the latest chapter of litigious rivalry between the two companies, the manufacturer of the NordicTrack line of exercise machines, Icon Health & Fitness Inc., is suing Peloton Interactive, Inc. (NASDAQ: PTON) for alleged violations of several technology patents. According to a report by Bloomberg, Icon wants both unrevealed monetary damages and a legal injunction against further sales of the allegedly infringing products.
Icon claims two of the features on Peloton's new Bike+ are taken from patents Icon obtained in 2007 and 2019. The Bike+ is advertised by Peloton as offering a "full body workout" and "immersive fitness experience" and is the company's expensive, high-end model.
Image source: Getty Images.
Source Fool.com
