PODS wins $41.4M from U-Haul in Trademark Suit

CLEARWATER, Fla., Oct. 14, 2016 /PRNewswire/ -- On October 10, 2016, PODS Enterprises, LLC entered into a settlement agreement with U-Haul International, Inc., that requires U-Haul to pay PODS $41.4 million to PODS, concluding a lengthy trademark lawsuit.

The terms of the settlement uphold the rulings of the United States Federal District Court that (i) confirm the fame, validity and enforceability of the PODS trademark, and (ii) maintain the permanent injunction against U-Haul regarding any improper use of the PODS trademark.

"As the brand leader in the portable moving and storage industry, PODS has worked diligently to promote our nationally recognized trademark," stated Aaron B. Parker, PODS' Senior Vice President, General Counsel. "We consider the PODS trademark to be one of our most valuable assets and will continue to vigorously defend it with all means at our disposal."

This is the third time PODS has successfully defended its trademark through the federal judicial system. In each case, it has resulted in the defendants ceasing and desisting from the improper use of the PODS trademark. "We are pleased with the outcome of this successful litigation against U-Haul and view it as a strong victory on behalf of our brand."

About PODS Enterprises, LLC

PODS® is a leader in the moving and storage industry providing both residential and commercial services in 46 U.S. states, Canada, Australia and the UK. Founded in 1998, PODS pioneered the portable moving and storage industry now preferred by many customers' increasingly active and mobile lifestyles. To date, the PODS network has completed more than 700,000 long-distance moves, exceeded 3 million deliveries and has more than 170,000 PODS containers in service.

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SOURCE PODS Enterprises, LLC