Trump's 2024 Win Could Trigger Chinese Stock Sell-Off and Spur Beijing Stimulus, Says JPMorgan 
Australian Government to Slash Student Debt by 20%, Benefiting Millions 
Australia Shifts Focus from Lockheed Martin Satellite Project to Multi-Orbit Space Strategy 
Ethereum Seen as Amazon of the 90s by Analyst: Is Wall Street Missing Out? 
U.S. Consumer Protection Bureau Settles Racial Bias Lawsuit with Chicago Mortgage Lender 
U.S. Job Growth Expected to Slow Amid Hurricanes and Strikes 
Ukraine Urges Russia for Transparent Prisoner Swap List Amid Accusations of Sabotage 
Thailand's Exports on Track for 2% Growth in 2024, Shippers’ Council Confirms 
Asian Markets Rise Amid China’s Stimulus Talks, U.S. Election Caution 
Nvidia CEO Urges SK Hynix to Accelerate Next-Gen HBM4 Chip Production 
GRASS Price Jumps 60% After Airdrop Hits 1.5M Wallets, Market Cap Nears $450M 
Xiaomi Hits 20,000 SU7 EV Sales in October, Targeting 100K Milestone Amid Fierce Market Competition 
Bitcoin Crashes Below $69K Amid Trump’s Election Uncertainty, Triggering Massive $350M Liquidation Wave 
Michigan Pension Fund Leads in Ethereum ETF Holdings With New $11M Investment 
Why a Republican Win Could Trigger Euro and French Bond Sell-Offs: Insights from Charles Gave 
Dogecoin Creator Backs X Merch Payment Move, Sparking Speculation of a 27% DOGE Rally 
Samsung Defies NVIDIA Fall-Out Rumors, Eyes HBM3E Integration in AI Accelerators Next Quarter 
Lululemon Athletica has been sued by Peloton as their conflict over the latter's new apparel products escalated. The exercise equipment company headquartered in New York, New York, filed the lawsuit this week at the Manhattan federal court.
The new legal case comes two and a half months after Peloton formally established its own apparel brand. It was mentioned that the company created its own apparel line after its co-branding deal with Lululemon ended after five years.
According to Reuters, Peloton explained that Lululemon is claiming they infringed six of its design patents that can be seen on five of its newly-released leggings and women's bra line that includes Cadent Peak Bra, Strappy Bra, Cadent Laser Dot Bra, High Neck Bra, and Cadent Laser Dot Leggings. However, Peloton said that this allegation of design patent infringement lacks any merit.
Based on the report, Lululemon's lawyer sent a letter to Peloton on Nov. 11. The Vancouver, Canada-headquartered athletic apparel company informed Peloton it would sue if they didn't stop selling its new apparel products.
In response, the exercise equipment maker argued that it is easy to tell which items are made by Lululemon and which ones are from Peloton. It added that Lululemon's designs are too obvious to merit patent protection.
"On top of the numerous clear and obvious differences in design, Peloton and Lululemon's brands and logos are also distinctive and well-recognized, making confusion between products a virtual impossibility," CNBC quoted the company as saying in the lawsuit filing.
As for Lululemon, it said on Friday that it will be defending its proprietary rights "to protect the integrity of our brand, and to safeguard our intellectual property."
At any rate, Peloton filed the lawsuit against Lululemon as it would like the court to declare that it has not infringed any of Lululemon's patents and trade dress as it has claimed. The company wants the court to ultimately announce that Lululemon's infringement claims are not valid.
Meanwhile, the lawsuit that has been brought to the Manhattan court this week was filed as "Peloton Interactive Inc v Lululemon Athletica Canada Inc, U.S. District Court, Southern District of New York, No. 21-10071."
