A Colorado bicycle company has initiated legal action against machinery manufacturer Gates Corp. in Denver District Court. The litigation alleges that Gates Corp. has reneged on commitments under their joint licensing and distribution agreement. The complaint contends that Gates may be attempting to circumvent millions of dollars in royalty payments by promoting the use of the Colorado company’s technology by rival bicycle manufacturers without charge, causing significant financial losses for the plaintiff.
For more details on this ongoing legal dispute, visit Law360.