THE LYCRA COMPANY ANNOUNCES SETTLEMENT

IN THE LATEST PATENT INFRINGEMENT CASES

The LYCRA Company, a global leader in developing innovative fiber and technology solutions for the textile and apparel industry, today announced a settlement related to its ongoing global efforts to protect its intellectual property (IP), including patents and trademarks, from infringement worldwide.

The Jiangsu Authority in China recently mediated a lawsuit initiated by The LYCRA Company against four companies found to be infringing on its dual-core patents for denim.

“The cases for infringement have been decided,” said Bridget Sciamanna, general counsel, The LYCRA Company. “In consideration of dropping charges against all the companies involved, a financial settlement has been reached for an undisclosed amount. In addition, these companies have agreed to cease infringing on our patents.”

To learn more about how The LYCRA Company protects and defends its LYCRA® brand patents and trademarks, visit its website

Source and Image: www.lycra.com