Kobo, Muhammad Ali End Fight Over 'Butterfly' Quote

Law360, New York (November 8, 2011, 4:36 PM EST) -- Muhammad Ali's publicity manager resolved its row with Kobo Inc. on Tuesday in New York federal court over Kobo's use of Ali's "float like a butterfly, sting like a bee" trademarked quote to advertise its electronic reading device.

An order of discontinuance issued by U.S. District Judge Shira Scheindlin indicated that the two parties have reached a resolution over the matter, but granted each party the right to apply for restoration of the action if the settlement is not implemented within 30 days.

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