PatentJun 8, 2026, 05:06 PM
Katapult Settles Patent Lawsuit with Flexshopper
AI Summary
Katapult Holdings, Inc. reached an agreement on June 5, 2026, to settle a patent lawsuit filed by Flexshopper, Inc. The lawsuit, initiated on September 30, 2024, alleged infringement of five U.S. Patents and sought an injunction and damages. The settlement provides Katapult and its affiliates, including Aaron's and CCFI, a nonexclusive, perpetual, irrevocable, fully paid-up, royalty-free, worldwide license to the Subject Patents. In exchange, Katapult agreed to pay a lump sum to Flexshopper, and all claims were dismissed with prejudice on June 8, 2026.
Key Highlights
- Katapult Holdings, Inc. settled a patent lawsuit filed by Flexshopper, Inc. on June 5, 2026.
- The lawsuit, filed September 30, 2024, alleged infringement of five U.S. Patent Nos.
- Settlement grants Katapult a nonexclusive, perpetual, irrevocable, fully paid-up, royalty-free, worldwide license to the Subject Patents.
- The license extends to Katapult's affiliates, including Aaron's Intermediate HoldCo, Inc. and CCF Holdings LLC.
- Flexshopper and ReadySett LLC released and covenanted not to sue Katapult for direct or indirect infringement.
- Katapult agreed to pay a lump sum amount to Flexshopper as part of the settlement.
- Claims brought in the lawsuit were dismissed with prejudice on June 8, 2026.
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