Peloton Interactive Inc (PTON.O), the exercise bike company, has sued Lululemon Athletica Inc (LULU.O) after the athletic apparel maker threatened its own lawsuit over Peloton’s new apparel line.
The lawsuit was filed in Manhattan federal court on Wednesday night, 2-1/2 months after Peloton launched its apparel brand following the end of its five-year co-branding relationship with Lululemon, a break Peloton called amicable.
Peloton said Lululemon’s claims that five of its women’s bra and legging products – Strappy Bra, High Neck Bra, Cadent Peak Bra, Cadent Laser Dot Bra and Cadent Laser Dot Leggings – infringed six Lululemon design patents “lack any merit.”
Source: Reuters
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