BRP receives final decision on U.S. patent infringement lawsuit
Jun 14, 2016, 19:28 ET
VALCOURT, QC, June 14, 2016 /CNW Telbec/ - BRP Inc. (TSX: DOO) today announced that the U.S District Court for the Southern District of Florida has rendered its decision with respect to one of its U.S. patent infringement lawsuits opposing one of its competitors. The Court's judgment formalizes the prior jury verdict of June 1, 2016, which held the Company liable for US$15.5 million (CA$19.5 million) in compensatory damages and in addition awarded treble damages of US$31.2 million. Following the Court's decision today, the Company is now exposed to damages totalling US$46.7 million (CA$60 million) in relation to this lawsuit.
The Company believes this decision is unfounded and intends to file an appeal.
BRP (TSX:DOO) is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and propulsion systems. Its portfolio includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am Spyder roadsters, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. BRP supports its line of products with a dedicated parts, accessories and clothing business. With annual sales of over CA$3.8 billion from over 100 countries, the Company employs approximately 7,900 people worldwide.
Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, Spyder and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
SOURCE BRP Inc.
For further information: For media enquiries: Valérie Bridger, Sr Advisor, Corporate Communications, Tel.: 450.532.5107, [email protected]; For investor relations: Philippe Deschênes, Financial Analyst, Tel.: 450.532.6462, [email protected]
Share this article