KMG / Big Rock Amusements settle intellectual property lawsuit
Due to a legal dispute, regarding intellectual property rights for the KMG 'Freak Out' amusement ride, KMG and Big Rock Amusements have entered into a 'Settlement Agreement'. Therefor KMG would like to inform the US carnival and park industry about the following 'Joint Statement':
KMG International, BV ("KMG") and Big Rock Amusements, LLC ("Big Rock") have entered into a Settlement Agreement in connection with KMG's intellectual property lawsuit against Big Rock. KMG's suit alleged that Big Rock's Extreme ride was similar in design and appearance to KMG's Freak Out ride. Without admitting liability, Big Rock agreed to the entry of an injunction, and payment of a patent licensing fee to KMG, for the purpose of avoiding further expenses and uncertainties of litigation.
The financial terms of the Settlement Agreement are confidential. However, as a matter of public record, the amicable resolution required the entry of a U.S. federal court injunction precluding Big Rock from importing any additional Extreme rides into the United States.
For further information please feel free to contact KMG sales representative Mr. Peter Theunisz (tel.: +31-655795792 / email: p.theunisz@kmg.nl).
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