It should come as no surprise to readers of our blog that public companies often expend significant resources each year on managing litigation matters. As a result, perhaps it is.
Xponential Revives IPO Plans After $300 Million Rumble Purchase
Apr 16 2021, 1:05 AM
April 15 2021, 5:43 PM
April 16 2021, 1:05 AM
(Bloomberg) Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, has revived plans for a U.S. initial public offering after setting them aside when the Covid-19 pandemic hit, according to people with knowledge of the matter.
(Bloomberg) Xponential Fitness LLC, the franchise owner of boutique fitness brands including Club Pilates and CycleBar, has revived plans for a U.S. initial public offering after setting them aside when the Covid-19 pandemic hit, according to people with knowledge of the matter.
Peloton s revolutionary technology faces test in patent wars
Christopher Yasiejko, Bloomberg News VIDEO SIGN OUT
Spinning wheels arenât the only things that keep Peloton Interactive Inc. moving the home-exercise company is also waging patent wars with its rivals.
Already a market leader, Peloton benefited spectacularly from the pandemic, minting founder John Foley as a billionaire.But it still has unfinished business: fending off competitors with lawsuits accusing them of copying the technology built into its US$2,000-plus stationary bikes.
This kind of litigation is common in rapidly evolving industries with several players jostling for dominance. But legal experts say Pelotonâs offensive puts its own patents in jeopardy once they are scrutinized in court â despite the companyâs claim to be a pioneer of ``revolutionaryââ technology. If these patents are declared invalid by early next year, when the battles are expected to play