Wellgo withdraws patent suit over pedals after naming wrong company

By Stephen Frothingham

NEW YORK (BRAIN) — Taiwan-based Wellgo Pedal Corp. is terminating its recent patent infringement suit against Tern Bicycles, Mikashima Industrial, and a New York City retailer over a quick release pedal.

John Chen, Wellgo’s president, said the company was withdrawing its suit immediately due to a misunderstanding with its U.S. lawyers.

“Please note that Wellgo is immediately withdrawing the suit against Tern, MKS, NYCEWheels and the named defendants,” Chen said.

The original suit, filed last …read more

Via:: Bicycle Retailer and Industry News