Earlier this month, ICON Health & Fitness filed a lawsuit against Peloton on allegations that Peloton had infringed its patents.
Peloton is at the end of a lawsuit on allegations that the company's exercise bikes "violated its patents". The lawsuit was filed by the company behind the NordicTrack home fitness bikes, ICON Health & Fitness. According to the lawsuit, Peloton violated "two functions developed by ICON".
Wooden mallet on black, reflective surface; Image via pxhere.com, CCO.
In the lawsuit, the company argued that Peloton "used patented features, automatic tracking that controls the resistance of its bikes and swivel screens to facilitate off-bike exercise – originally developed by ICON." Just last month, Peloton announced that the new features will be available on its new Bike Plus, which costs around $ 2,500. The suit states:
“Unfortunately, ICON is used to companies copying its technology. Some companies like Peloton have built entire companies (at least in part) on the basis of the patented ICON technology. "
The lawsuit also states that ICON has received a patent for the "resistance level Peloton called Auto-Follow in 2007 and a second patent last year that enables a seamless mix of aerobic and anaerobic exercise." Both popular features are included in Bike +, the latest offering from Peloton, as well as several NordicTrack products from ICON of Logan, Utah.
This is not the first legal battle between the two companies. Earlier this year, Peloton sued ICON over allegations that it "had its interactive fitness program and false advertising". Commenting on the recent lawsuit, Steven Feldman of Hueston Hennigan LLP, Peloton's external legal advisor, said:
"Today's filing is nothing more than a continuation of the lawsuit Peloton filed against ICON earlier this year and a lawsuit for retaliation aimed at diverting attention from ICON's apparent violation of Peloton leaderboard technology and other misleading practices. We will vigorously defend this case in court. "
ICON has since resisted Feldman's testimony, saying it "received hundreds of patents on the systems" long before Peloton was even a company. The company also found that Peloton's chief executive officer, John Foley, actually met with ICON in 2013 to use some of its patents and that ICON declined the opportunity to license it. During that meeting and subsequent meetings, "Foley was warned of infringement of ICON patents".
ICON is currently applying for unspecified damages and an injunction against the sale. The company was recently valued at $ 7 billion. Peloton is currently valued at more than $ 37 billion, a number that has skyrocketed since going public in 2019.
Peloton has just been sued by the manufacturer of NordicTrack motorcycles with a patent infringement suit that escalated the legal dispute between the two home fitness brands
NordicTrack Maker peloton sued over the latest bike tech