Lawsuits/legal
DENVER (BRAIN) — A U.S. bankruptcy judge has approved Giant Group's acquisition of Stages Cycling from Foundation Fitness for $20.1 million. The court approved a purchase agreement that had been opposed by some creditors and an inventor who is in a patent dispute with Stages.
DENVER, Colo. (BRAIN) — Spot Brand is suing Gates Corp. alleging the Denver-based belt-drive maker hasn’t been paying its licensing fees for the use of its patent for a frame feature allowing the installation of Gates’ seamless Carbon Drive systems.
OMAHA, Neb. (BRAIN) — Spia Cycling, a subsidiary of Giant Manufacturing, has emerged as a stalking horse bidder for the assets of Stages Cycling LLC. Stages, Foundation Fitness LLC and related companies filed for Chapter 11 protection in Nebraska’s federal bankruptcy court here on June 22.
OBERWANGEN, Switzerland (BRAIN) — MyStromer AG and Revolt Zycling AG settled a patent infringement lawsuit with the latter signing a cease-and-desist order and agreeing to pay a confidential settlement amount.
PHILADELPHIA (BRAIN) — A settlement was reached Friday in State Farm Insurance Company's civil action lawsuit against Rad Power Bikes on behalf of an insured homeowner client who suffered property damage after his e-bike caught fire.
SOUTH KINGSTOWN, R.I. (BRAIN) — A man is suing Shimano North America and Trek Bicycle for $2 million in damages after his bike's Shimano V-brake lever impaled his thigh during a fall on a bike path.
RICHMOND, Va. (BRAIN) — Giant Bicycle has filed a lawsuit against Coqui Cyclery for unpaid inventory, while a customer is suing the same shop saying the retailer took payment for a bike assembly that was never completed.
SEATTLE (BRAIN) — A man who filed a class-action lawsuit in September against Rad Power Bikes for allegedly manufacturing a faulty fork and quick-release skewer design has dropped his complaint.
The notice of voluntary dismissal without prejudice was filed Tuesday in U.S. District Court in Seattle.
PHILADELPHIA (BRAIN) — Trek, SRAM, a Taiwanese hub maker, a Trek-owned retail store and an independent Trek dealer are all named in a product liability case involving an alleged coaster brake failure two years after the coaster-brake hub was recalled.
SEATTLE (BRAIN) — Rad Power Bikes defended its quality control standards and denied the liability claim of a class-action lawsuit filed last week that a faulty fork and quick-release skewer design can cause the wheel to disengage.
SEATTLE (BRAIN) — A Maryland man filed a class-action lawsuit against Rad Power Bikes on behalf of himself and other consumers for manufacturing a faulty fork and quick-release skewer design that combined with the weight of the bike can allow the wheel to disengage.
SAN FRANCISCO (BRAIN) — A trial date was established Thursday in a man's lawsuit claiming general negligence, product liability, and breach of warranty against Rad Power Bikes after the case management conference was canceled.
WILMINGTON, Del. (BRAIN) — Wahoo Fitness and Zwift have agreed to settle a patent suit over Zwift's Hub stationary trainer.
A court filing Thursday shows both sides are asking the court to dismiss Wahoo's patent suit against Zwift and any counterclaims, with each side to pay their own legal fees.
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