AUSTIN, Texas, Feb. 2, 2017 /PRNewswire/ -- YETI®, the leading premium cooler and drinkware brand, is pleased to announce that a binding settlement has been reached in the United States District Court lawsuits brought against RTIC Coolers and brothers John and Jim Jacobsen.
RTIC Coolers and the Jacobsens are required to make a financial payment to YETI; to cease sales of all products subject to the lawsuit – this includes hard-sided coolers, soft-sided coolers and drinkware; and to redesign all products in question.
YETI CEO Matt Reintjes stated, "We are extremely pleased with the results we have achieved. We will continue to defend our innovation and intellectual property. This is a true win."
Further details will be shared as they become available. YETI is not available for further comment on this topic at this point.
Founded in Austin, Texas in 2006, YETI is a leading premium cooler and drinkware brand. The world's top hunters, anglers, outdoor adventurers, BBQ pitmasters, and ranch and rodeo professionals trust YETI to stand up to the world's harshest conditions. For more on the company and its full line of products and accessories, visit YETI.com.