Leupold & Stevens is happy with the settlement and looks forward to refocusing its energies on R&D and important new product developments.
Portland, OR (PRWEB) June 14, 2010
Leupold & Stevens, Inc. announced that it has reached an agreement that will settle its lawsuits with Bushnell Inc.
In February, Leupold & Stevens sued Bushnell Inc. in U.S. District Court in Portland, Ore. (case # 3:10-CV-104-HU) for infringement of Leupold's U.S. Patent No. 7,654,029 relating to its True Ballistic Range® technology for laser rangefinders. Bushnell Inc. subsequently sued Leupold & Stevens in Kansas for patent infringement. In its answer to Bushnell's complaint, Leupold denied any infringement.
The companies have now agreed to dismiss the lawsuits as part of a confidential settlement amicably resolving the infringement claims. Under the terms of the agreement, neither company will be required to discontinue the sale of any of its products identified in the suits.
According to Andy York, Vice President of Sales, Marketing and Technology at Leupold & Stevens: "Leupold & Stevens is happy with the settlement and looks forward to refocusing its energies on R&D and important new product developments."
Leupold & Stevens, Inc. (http://www.leupold.com), the most prominent American-owned and -operated optics company, employs more than 600 people in its state-of-the-art facility near Beaverton, Ore., where rugged, dependable, high-performance Mark 4 and Golden Ring® sports optics are designed, machined and assembled. Leupold is a fifth-generation, family-owned company whose products are sold worldwide to law enforcement officers, special operations military personnel, hunters, wildlife observers and competitive shooters. The product line includes rifle, handgun and spotting scopes; binoculars; rangefinders; flashlights; mounting systems; and optical tools and accessories.