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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/5\/16\/23074865\/peloton-ifit-nordictrack-litigation-settlement<\/a> As Peloton gets its financial ducks in a row, it appears the company is easing up on its patent disputes. Today, Peloton and iFit \u2014 which owns rival NordicTrack \u2014 announced that they\u2019ve settled all pending litigation and that \u201call pending actions between the companies will be dismissed.\u201d<\/p>\n The announcement<\/a> itself was brief, offering little detail. As part of the settlement, iFit has agreed to remove some on-demand leaderboard tech from its devices, while Peloton will license \u201ccertain iFit patents relating to remote control technology.\u201d This is somewhat a reversal in attitude from where Peloton was roughly six months ago.<\/p>\n Back in November \u2014 just as Peloton\u2019s stock woes were beginning to take hold \u2014 the company reportedly filed lawsuits against rivals Echelon and iFit<\/a>. At the time, Peloton alleged that the companies were getting \u201cfree rides\u201d off its innovations, particularly with regard to its leaderboards. However, in January, Echelon managed to get a win when it convinced the US Patent and Trademark Office that two of Peloton\u2019s streaming patents shouldn\u2019t have been patentable<\/a> in the first place. <\/p>\n
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