Bushnell Inc. said it has settled its lawsuits with Leupold & Stevens relating to the Leupold True Ballistic Range® (TBR) technology, and the Bushnell Angle Range Compensation (ARC) technology.
In February, Leupold & Stevens sued Bushnell for patent infringement in the District of Oregon, and Bushnell sued Leupold & Stevens for patent infringement in the District of Kansas. In its answer to Leupold's Complaint, Bushnell denied any infringement. The companies agreed to dismiss the lawsuits after reaching an amicable settlement. The terms of the settlement were not disclosed, but neither company will be required to discontinue selling any of its products.
“We are pleased with the settlement, because it allows our customers to go on using and enjoying Bushnell laser rangefinders with our patented ARC technology, and we can focus our resources and energy on further developing and marketing new and innovative products,” said Phil Gyori, Executive Vice President of Marketing at Bushnell.
