Virco Manufacturing Corp., the Torrance-based maker of school furniture, said it agreed to an out-of-court settlement with a competitor over Virco's claim of patent infringement.
Virco had claimed that the unnamed competitor had violated the South Bay firm's "three slot" trademark
"Without agreeing that its chair infringed on Virco's trademark, the competitor decided to re-design its chair to avoid the expense of trademark litigation," Virco said in a statement.
Terms of the settlement were not released.
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