“The parties have signed a binding term sheet and are in the process of preparing the final agreement. Good cause exists to grant the stay because it will conserve party and judicial resources while the parties prepare the final settlement agreement,” said the joint motion to U.S. District Judge Allison D. Burroughs of the District of Massachusetts.
The battle between two major appliance industry competitors over several patent disputes appears to be nearing an end.
In the U.S. District Court for the District of Massachusetts, SharkNinja and Dyson filed joint motions to stay patent litigation in separate cases as they had come to a settlement agreement. The same motion was filed in a pending case in the U.S. District Court for the Eastern District of Texas late Tuesday.
