Peloton & iFIT (NordicTrack) settle lawsuits; Peloton to license patents, iFIT to remove certain features

This morning, Peloton and iFIT (owners of the NordicTrack brand and creators of the iFit software), announced that they have agreed to settle all lawsuits between them.

As a result of the agreement, two things will be happening.

First, iFIT has agreed to “remove certain on-demand leaderboard technology from its products”

Secondly, Peloton will be licensing certain patents from iFIT.

However, Peloton does not have to change any functionality on their software, or make any hardware modifications as a result of this settlement. They simply have to pay iFIT for some patent usage.

This news comes just days after a judge announced they would be dismissing Peloton’s trade secrets lawsuit against iFIT.

What lawsuits will this settle?

Peloton had an outstanding lawsuit against iFIT they filed in November related to leaderboard features. iFIT had a lawsuit against Peloton over features of the Peloton Bike+ (they actually had a second lawsuit over this with a different patent). Peloton had also been suing iFIT over another patent and misleading advertising.

You can read the press release in its entirety below, or here:

Peloton (NASDAQ: PTON) and iFIT announce today the settlement of all pending litigation between them. All pending actions between the companies will be dismissed. As a result of this comprehensive settlement, 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. The parties are pleased to put the litigations behind them and will have no further comment.

This is a developing story and will be updated.

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Chris Lewis
Chris Lewis is the creator & founder of Pelo Buddy. He purchased his Peloton in 2018, and uses all the different devices: Peloton Bike, Tread, Row, and Guide. He has been involved in the fitness industry for more than a decade - previously co-founding the websites Mud Run Guide & Ninja Guide. You can find him on the leaderboard at #PeloBuddy.

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