Crocs, Inc. and Acme EX-IM, Inc. have agreed to settle a lawsuit pending in the United States District for the District of Colorado alleging that Acme EX-IM infringed Crocs U.S. Patents (Nos. 6,993,858 B2 and D517,789), and its trade dress; and an administrative action pending in the International Trade Commission alleging unfair acts concerning the importation of infringing footwear.

The lawsuit was resolved with the entry of a Consent Judgment finding infringement by Acme EX-IM’s “Pali Clogs,” and that the Crocs patents are valid. The administrative action was resolved with the filing of joint motion to terminate the ITC Action against Acme EX-IM based on the settlement agreement. As part of the settlement, Acme EX-IM has agreed to not infringe Crocs patents and trade dress in the future, and Crocs has released Acme EX-IM and its customers of any past liability.