ORLANDO, FLA (February 9, 2015) — Today Nautique Boats announced a resolution of its patent litigation with Malibu. The resolution includes both parties dropping their claims and counterclaims. The resolution also includes Nautique entering a license agreement related to certain Malibu’s patents.
Nautique’s President and CEO Bill Yeargin stated, “Our team is happy to have this dispute behind us and look forward to building on Nautique’s award winning product and market share increases of the past few years.” “While we felt strongly about our position in this dispute we also know there is risk associated with the judicial process. We are satisfied with the settlement and look forward to growing our industry for everyone’s benefit,” Yeargin added.
Celebrating 90 years of excellence in the marine industry, Correct Craft is the owner of Nautique Boat Company, Inc., Aktion Parks, and Pleasurecraft Marine Engine Company. Nautique manufactures the highest quality, most innovative ski and wake-sports boats available worldwide and provides exceptional customer service experiences. To learn more about Nautique and its complete product line, visit www.nautique.com. Aktion Parks provide world class boat and cable watersports experiences. To learn more about Aktion Parks visit www.aktionparks.com. Pleasurecraft Marine builds the world’s best engines. To learn more about PCM, Crusader and Levitator engines visit www.pleasurecraft.com.
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