Peloton and iFit settle patent feud
 

Peloton has struggled financially in recent months, but it shared a bit of good news on Monday. It announced a settlement agreement with iFit, one of the companies it sued last fall for attempting to “free ride” off of its technology. At the time, Peloton accused its rival of violating up to four of its patents related to on-demand classes.

As part of the settlement, iFit will remove some leaderboard features from its devices. Peloton, meanwhile, has agreed to license a handful of patents from iFit that involve the company’s remote control technologies. The two firms did not disclose the financial terms of the agreement. “The parties are pleased to put the litigations behind them,” Peloton said.

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