Lululemon Athletica Inc. (LULU:US), the Canadian yoga-wear retailer, settled a lawsuit accusing Calvin Klein Inc. of infringing patents for pant designs.
Terms of the settlement are confidential, the companies said today in a statement. Lululemon withdrew the case in a filing today in federal court in Wilmington, Delaware.
Founded in 1998, Vancouver-based Lululemon entered the U.S. market in 2003. The company sued New York-based Calvin Klein in August seeking unspecified damages, including lost profits and royalties, for infringement of three patents.
The patents cover products sold in the U.S. under the Astro Pant name, Lululemon said. Calvin Klein’s alleged infringing products include knee-length running tights and overlapping waistband pants.
The case is Lululemon Athletica Canada Inc. v. Calvin Klein Inc., 12-01034, U.S. District Court, District of Delaware (Wilmington).
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