October 15, 2020
Icon Health & Fitness has sued Peloton in DE federal court claiming that its new Bike+ design infringes on patents it has held dating back to The Super Show in the late 1990s, which cover remotely controlled resistance during a workout and the integration of weights and treadmills to provide an aerobic and anaerobic workout using a free weight cradle.
DLA’s top line expanded about 8% to $116 million from $108 million in its fiscal Q4 ended Oct. 3, including an 8% gain from the core Delta Group, and a 12% improvement from Salt Life.
Manufacturing sales at footwear maker Stella International improved sequentially in the third quarter, but were still down 25% to $336.7 million from $447.9 million on reduced demand from customers due to Covid-19.
As expected, the Big Cat has inked a long-term partnership with top 2020 NBA draft prospect, 19-year-old LaMelo Ball, who has been playing professionally in Lithuania and Australia for the past year rather than attending college.
The Eager Beavertons are suing Warren Lotas in Central CA federal court for selling fake Nike Dunks on his eponymous website and on social media platforms.
PTON announced a recall of the model PR70P clip-in pedals shipped with about 27,000 Peloton bikes sold between July 2013 and May 2016, because they can break unexpectedly during use, causing laceration injuries.