COLM Columbia Sportswear Company

Columbia Sportswear Awarded Over $3 Million in Damages for Infringement of One of Its Omni-Heat Design Patents by Seirus

Columbia Sportswear Company (NASDAQ:COLM) today issued the following statement regarding the jury verdict in its patent infringement lawsuit against Seirus Innovative Accessories:

On September 29, a jury in the federal district court in San Diego awarded damages to Columbia Sportswear in the amount of $3.018 million for Seirus’s infringement of one of Columbia’s U.S. design patents in its portfolio of patents concerning its Omni-Heat® Reflective technology. The amount awarded represents Seirus’s total profits from the sale of its infringing HeatWave products. Columbia is also entitled to prejudgment interest and to seek the profits that retailers earned through their sales of the Seirus infringing products.

“We are very pleased that Seirus has been held accountable for infringing our design patent,” said Peter Bragdon, Columbia’s Executive Vice President and General Counsel. “Seirus continued to promote and sell its infringing HeatWave products even after Judge Hernandez ruled in August 2016 that the products infringed Columbia’s U.S. design patent, unfairly profiting from Columbia’s innovations. We believe all our innovative products provide superior performance and we will continue to aggressively pursue infringing products.”

The jury also found that two claims of one of Columbia’s U.S. Omni-Heat utility patents are invalid. “We continue to maintain numerous patents around the globe related to our Omni-Heat designs and technology, and will seek to overturn the jury’s partial invalidation of one of our U.S. Omni-Heat patents,” said Bragdon.

The court rulings are subject to appeal.

Columbia was represented in the litigation by the law firm of Schwabe Williamson and Wyatt.

About Columbia Sportswear Company

Columbia Sportswear Company has assembled a portfolio of brands for active lives, making it a leader in the global active lifestyle apparel, footwear, accessories, and equipment industry. Founded in 1938 in Portland, Oregon, the company’s brands are today sold in approximately 90 countries. In addition to the Columbia® brand, Columbia Sportswear Company also owns the Mountain Hardwear®, SOREL®, prAna®, and OutDry® brands. To learn more, please visit the company’s websites at www.columbia.com, www.mountainhardwear.com, www.sorel.com, www.prana.com, and www.outdry.com.

EN
04/10/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Columbia Sportswear Company

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

VRS RESEARCH TEAM
  • VRS RESEARCH TEAM

COLUMBIA SPORTSWEAR COMPANY Flash Note

Columbia Sportswear Company is a multi-brand in outdoor, active and lifestyle products, including apparel, footwear, accessories, and equipment. The Company manages its product line in two categories: apparel, accessories, and equipment products and footwear products. Columbia Sportswear Company was founded in 1938 and is headquartered in Portland, Oregon, USA.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch