looks like they settled with YETI…
We’re happy to announce a favorable settlement of our lawsuits with RTIC Coolers. RTIC has agreed to stop selling all of the products subject to the lawsuits (including hard coolers, soft coolers, and drinkware), redesign all of the products in question, and pay YETI a financial settlement. We’re very pleased with this outcome and will continue to vigorously defend our hard earned property rights.
Full press release: http://bit.ly/YETI-reaches-settlement
Austin, Texas (February 2, 2017) — 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.
The Morris Island Lighthouse www.savethelight.org
dadgummit, this is the story of my life. I bought a tan 65 on Monday right before they went out of stock on their website. within 2 hours I got an email saying it had shipped, but it turns out all they did was create a shipping label- UPS website still shows no further activity. waiting on the last batch from China?
http://www.click2houston.com/news/meet-houston-twin-brothers-and-creators-of-rtic
website shows they still plenty of 45’s left in white and tan, if you think you might be lucky enough that yours is in the warehouse behind him waiting to ship!
maybe give it another day or so B…if people knew this was verdict was coming down they could just be backed up…verdict was just reached today so maybe yours is in that tall stack behind homeboy there…
The Morris Island Lighthouse www.savethelight.org
I’d rather have the cooler than my money back, but i’ll get one or the other!
interesting business stuff here though, I wonder if the lawsuit process took this long after their mimicry hit the market, or if Yeti waited for them to make all that holiday money before they brought the suit…?
Saw an update from RTIC who consider the agreement a win also. Seems they are not going anywhere
2000 SeaPro 180CC w/ Yammy 115 2 stroke
1966 13’ Boston Whaler w/ Merc 25 4 stroke “Flatty”
www.ralphphillipsinshore.com
I read where they only give a 30 day warranty now???
“Apathy is the Glove into Which Evil Slips It’s Hand”, but really, who cares?
RTIC’s statement on facebook…
RTIC IS VERY PLEASED TO ANNOUNCE AN AGREEMENT REACHED WITH YETI
RTIC, the leading direct to consumer online retailer of premium coolers and drinkware announces that it has entered into a settlement agreement with YETI today for the purpose of avoiding the additional costs and uncertainty of continued litigation. The dispute has been amicably resolved and as part of the agreement, RTIC has agreed to redesign only those products involved in the dispute.
As part of the Agreement, RTIC is precluded from commenting further, but RTIC is very pleased with the settlement and considers it a win.
RTIC had previously announced last month changes to its 2017 product lines and expects to rollout new products and updated existing products starting in early Spring. RTIC will continue to operate as normal selling all the RTIC brand of products as provided on the www.RTICcoolers.com website keeping true to its promise to deliver “Over Built – Not Over Priced” products to all its RTIC fans & customers.
About RTIC
RTIC is the leading direct to consumer online retailer of premium coolers and drinkware. It was founded by twin brothers John and Jim Jacobsen and has generated almost 1.5 million followers on Facebook since shipping its first cooler in September 2015 and now employs over 100 people. RTIC is based in the Houston suburb of Cypress and owns fulfilment centers in Houston, Atlanta, Chicago, Harrisburg & Fresno occupying over 300,000 square feet of space.
woohoo, I just bought me one of them sidepack things for half price!
The Morris Island Lighthouse www.savethelight.org