Shoes retailer Crocs Inc and Inter-Pacific Trading Corporation Inc announced that they have agreed to settle a lawsuit concerning Crocs' proprietary footwear, pending in the United States District for the District of Colorado and alleging that Inter-Pacific infringed Crocs' U.S. Patents (Nos. 6,993,858 B2 and D517,789), and its trade dress; and an administrative action pending in the International Trade Commission alleging unfair acts concerning the importation of infringing footwear.
The lawsuit was resolved today with the entry of a Consent Judgment finding infringement by certain of Inter-Pacific's "Sunsurfer Shoes" and that the Crocs' patents are valid. The administrative action was resolved with the filing of joint motion to terminate the ITC Action against Inter-Pacific based on the settlement agreement.
As part of the settlement, Inter-Pacific has agreed to not infringe Crocs' patents and trade dress in the future, and Crocs has released Inter-Pacific and its customers of any past liability.
Crocs Inc is a rapidly growing designer, manufacturer and marketer of footwear for men, women and children under the crocs brand. All of our footwear products incorporate our proprietary closed-cell resin material, which we believe represents a substantial innovation in footwear comfort and functionality. Our proprietary closed-cell resin, which we refer to as croslite(TM) enables us to produce a softand lightweight, non-marking, slip- and odor-resistant shoe.