A lawsuit filed by adidas against Under Armour wrapped up this week with the parties coming to a confidential settlement agreement. In the claim, which was filed in 2014, adidas alleged that Under Armour infringed on its fitness tracking tech patents via MapMyFitness, a company Under Armour acquired in 2013.
According to adidas, Under Armour will now pay adidas a licensing fee in exchange for use of its patents on its MapMyFitness platform going forward.
"The parties were able to reach a mutually acceptable settlement agreement in which adidas’s claims against Under Armour and its subsidiary MapMyFitness were dismissed with prejudice and adidas AG granted a license to its patents in suit in exchange for a confidential licensing fee payable by Under Armour, Inc. and MapMyFitness, Inc.," said adidas spokesperson Maria Culp in a statement. "The companies have no further comment."
e lawsuit mentioned that the director of innovation and research at Under Armour formerly worked at adidas as a senior innovation engineering manager and had knowledge of adidas' tech patents, Forbes reports.
