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Peloton Loses Patent Case, Owes $20.5 Million
1 Aug
Summary
- Peloton owes $20.5 million to NEC Corp for patent violation.
- The violation involved content-streaming technology patent rights.
- A federal jury in Delaware made the determination on Friday.
Peloton has been ordered to pay $20.5 million to Japanese electronics company NEC Corp. A federal jury in Delaware determined on Friday that Peloton infringed upon NEC's patent rights.
The infringement specifically involved content-streaming technology. The court case, NEC Corp v. Peloton Interactive Inc, was heard in the U.S. District Court for the District of Delaware.
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