June 21, 2018 / 11:00 PM / a year ago

Casper, Serta Simmons settle lawsuit over high-end Wave mattress

Casper Sleep, the mattress startup backed by investors including Target Corp, has settled a lawsuit in which rival Serta Simmons Bedding LLC claimed that the high-end Casper Wave mattress infringed three patents.

The settlement, whose terms were not disclosed, was announced in a filing on June 18, two days before U.S. District Judge Alvin Hellerstein in Manhattan issued a 14-page decision dismissing Serta’s lawsuit.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2yz6Hni

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