Michelin North America Inc. and China Manufacturers Alliance LLC announced Monday, Nov. 26, that they have entered into a settlement agreement resolving the infringement of intellectual property rights. Details of the financial settlement were not disclosed.
The U.S. settlement follows a resolution between Greenville, S.C.-based Michelin and Shanghai Tire & Rubber (Group) Co. Ltd. (STRC) on multiple intellectual property litigations in various countries. In return for Michelin dropping its legal actions for patent infringement and other issues, STRC and its related companies agreed they will change the tread patterns on relevant Double Coin and Dyna Trac brand tires.
STRC and its affiliates also removed all versions of Michelin-copyrighted content from their websites.
