Columbia Sportswear (COLM) Receives Favorable Decision in Omni-Heat Suit
- Wall Street surges to new highs; transports set record
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
- After-Hours Stock Movers 12/07: (VYGR) (LULU) (HRB( Higher; (OHRP) (VRNT) (CMTL) Lower (more...)
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Columbia Sportswear Company (Nasdaq: COLM) welcomed an August 10 ruling by the United States District Court for the District of Oregon that Seirus Innovative Accessories infringes one of Columbia’s design patents. Columbia alleges that Seirus created its HeatWave products by copying Columbia’s patented Omni-Heat® Reflective products, which have earned industry-wide acclaim.
Columbia filed the suit against Seirus in Oregon in January 2015 accusing it of willfully infringing three patents relating to Columbia’s revolutionary Omni-Heat® Reflective technology. One of the three Columbia patents covers a particular design of a heat reflective material.
In his decision, Judge Hernandez found that “The overall visual effect of the Columbia and Seirus designs are nearly identical,” and that “The striking visual similarity between Seirus’s design and Columbia’s patented design is likely to confuse an ordinary observer, and therefore, Columbia’s motion is granted.”
“We’re extremely pleased with this victory related to our Omni-Heat® Reflective design patent,” said Peter Bragdon, Executive Vice President of Columbia Sportswear Company. “We are proud of the on-going investments that we make in people and research to support Columbia’s position as one of the most innovative outdoor brands in the world. Omni-Heat® Reflective is just one of hundreds of patents that we will continue to defend aggressively against infringement.”
The remainder of the case, including whether Seirus willfully infringed the other two Omni-Heat® Reflective patents, and the damages owed to Columbia for Seirus’s infringement of the Omni-Heat® Reflective design patent, is scheduled to go to trial in April 2017.
Columbia Sportswear is represented by Nika Aldrich, David Axelrod, and Scott Eads of Schwabe, Williamson & Wyatt.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- GNC Holdings (GNC) Says It's Pleased with DOJ Agreement
- UPDATE: Linde to Resume Talks with Praxair (PX); Appoints Belloni as CEO
- Wireless Telecom (WTT) Names Michael Kandell as CFO
Create E-mail Alert Related CategoriesCorporate News, Litigation
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!