The Lovesac Company (LOVE) and Joybird Amicably Resolve Patent Litigation

June 27, 2022 4:05 PM EDT

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The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”) announced today that it has reached an agreement to amicably resolve its patent litigation against Stitch Industries, Inc. dba Joybird, a unit of La-Z-Boy Incorporated. The lawsuit between the parties, captioned The Lovesac Company v. Stitch Industries, Inc. dba Joybird, Case No. 2:21-cv-09904-MCS-KS (C.D. Cal.) alleged infringement of United States Patent Nos. 7,213,885, 7,419,220, 8,783,778, 10,123,623, 10,154,733, and 10,806,261. The parties have reached a mutually agreeable business resolution and the lawsuit has been dismissed with prejudice. The terms of the parties’ agreement are confidential.

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