Pergo and Faus settle major legal disputes
Pergo and Faus have resolved and settled all their outstanding civil litigation matters pending in the United States, Sweden, and Spain. The parties have agreed not to disclose the specific terms or amounts of the settlement. The parties have, however, agreed to disclose that Pergo will license to Faus selected patents for molding, End Block matching and Embossed-In-Register technologies, and Faus will license to Pergo selected Embossed-In-Register patents. This settlement, as well as others recently concluded, and the reduction of costs associated with these cases, will positively impact