lululemon (LULU), Calvin Klein (PVH), G-III (GIII) Enter Settlement Agreement Over Design Infringement

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lululemon athletica canada inc., a subsidiary of lululemon athletica inc. (Nasdaq: LULU), Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. (NYSE: PVH), and G-III Apparel Group, Ltd. (NasdaqGS: GIII), a Calvin Klein, Inc. licensee for Calvin Klein Performance, have entered into a settlement agreement that will resolve the pending design patent litigation related to certain yoga pant designs.

The terms of the parties’ settlement agreement are confidential. Pursuant to the agreement, the pending litigation will be dismissed

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