Crossfit, Reebok Settle $4.8M Gear Royalties Suit
Law360 (August 31, 2018, 4:38 PM EDT) -- CrossFit and Reebok have come to a settlement in a suit in which CrossFit claimed Reebok owed it at least $4.8 million in royalties that Reebok took by changing how it calculated payments for CrossFit’s branded gear.
The Northern District of California granted the order to dismiss the case with prejudice on Thursday. Though details of the settlement were not available, the two companies said in a joint statement that the settlement includes a payment to CrossFit for disputed royalties and they look forward to continue to work together as partners. Reebok President Matt O'Toole said the two brands are "stronger together"...
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