Representatives of Oakley and NYX indicated that the parties entered into a confidential settlement agreement, the terms of which were not disclosed, except that the parties disclosed that all claims and counterclaims have been dismissed with prejudice and NYX Inc. has agreed not to infringe Oakley’s XYZ(R) Eyewear Patents. All other terms and conditions of the agreement are confidential.
Colin Baden, Oakley’s President stated, “We are delighted that this case has been settled. Oakley will continue to vigorously defend its patent rights and enforce its rights in its patented XYZ(R) Optics Patents.”
Cliff Bean, CEO of NYX Golf said, “We are very pleased to have reached this agreement with Oakley that will enable NYX to continue manufacturing high quality eyewear products for golfers and action sports customers.”
