VR Optics, LLC v. Peloton Interactive, Inc., No. 21-1900 (Fed. Cir. Feb. 16, 2023)
From the Opinion
The passage below is extracted verbatim from the opening of the document. It has not been editorially summarized — consult the full opinion for the court's complete reasoning.
In 2012, Peloton Interactive, Inc. (Peloton) entered a contract with Villency Design Group, LLC (VDG) under which VDG would design, develop, and manufacture what would become Peloton’s stationary exercise bike. The par- ties agreed to another, similar contract in 2014. Before the 2014 contract expired, Eric Villency and Joseph Coffey (the sole owners and members of VDG) learned of a patent that the Peloton bike might infringe. They formed a new com- pany, VR Optics, LLC, which acquired that patent.
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