Lululemon settles, drops patent infringement case against Calvin Klein

VANCOUVER – Lululemon Athletica Inc. (TSX:LLL) says it has settled a patent infringement case against PVH Corp.’s Calvin Klein and G-III Apparel Group Ltd., a manufacturer and supplier for Calvin Klein. Lululemon had claimed the companies infringed on three different patents covering a specific overlapping style of waistband. Terms of the deal were not disclosed, but Lululemon said the lawsuit will be dismissed as a result.

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