All pending litigation and administrative proceedings will now be dismissed.
Zuru has announced that it has settled all pending Bunch O Balloons infringement proceedings against Telebrands and Bulbhead.com. The settlement includes payment in full by Telebrands of the nearly $31m final judgement entry earlier this year of Zuru’s November 2017 jury verdict against Telebrands by the US District Court in the Eastern District of Texas.
The settlement also includes an additional substantial payment by Telebrands in respect of all other pending infringement proceedings, as well as Telebrands’ agreement that it will not sell any of its accused products, including Balloon Bonanza, Battle Balloons and Easy Einstein. All pending litigation and administrative proceedings will be dismissed.
“We are extremely pleased to have settled our patent infringement claims against Telebrands,” commented Anna Mowbray, chief operating officer of Zuru. “It has been a long and expensive fight but we are passionate about our products. It will be fun to focus on continued innovation, and we look forward to explosive growth in our Bunch O Balloons product lines. We are passionate about protecting our brands and fully committed to ongoing vigorous global enforcement of our intellectual property rights.”