Peloton & Echelon announced this morning that they have settled all pending litigation between them. Terms of the settlement also mean Echelon will no longer use “Peloton’s patented leaderboard technology in on-demand classes”
The full statement announcing the settlement reads:
Peloton Interactive, Inc. (NASDAQ: PTON) and Echelon announce today the settlement of all pending litigation between them. All pending actions will be dismissed. As a result of this global settlement, Echelon has agreed that it will cease using Peloton’s patented leaderboard technology in on-demand classes. The parties are pleased to put the litigation behind them and will have no further comment.
The companies have had multiple lawsuits against each other over the past few years that are all being settled as a result of today’s actions.
Peloton had first sued Echelon back in 2019 over patent infringement. In their effort to fight the suit, Echelon had counter sued in 2020 to invalidate some of Peloton’s patents. Earlier this year, the USPTO had sided with Echelon and voided two of Peloton’s patents.
More recently, Peloton was awarded some more patents in November 2021 – which it then used to sue Echelon (as well as iFit).
This is the third round of settlements this year for Peloton. In May, they announced the settlement of lawsuits with iFIT (makers of NordicTrack). Then in September, they announced settlements with lululemon.
Want to be sure to never miss any Peloton news? Sign up for our newsletter and get all the latest Peloton updates & Peloton rumors sent directly to your inbox.