(GunReports.com) — Leupold & Stevens, Inc. announced that it has reached an agreement that will settle its lawsuits with Bushnell Inc.
In February, Leupold & Stevens sued Bushnell Inc. in U.S. District Court in Portland, Oregon for infringement of Leupold’s U.S. Patent No. 7,654,029 relating to its True Ballistic Range technology for laser rangefinders.
Bushnell Inc. subsequently sued Leupold & Stevens in Kansas for patent infringement. In its answer to Bushnell’s complaint, Leupold denied any infringement.
The companies have now agreed to dismiss the lawsuits as part of a confidential settlement amicably resolving the infringement claims. Under the terms of the agreement, neither company will be required to discontinue the sale of any of its products identified in the suits.
