Monster, Beats Settle Fanny Wang Suit
A lawsuit by Monster and Beats Electronics against rival manufacturer Fanny Wang Headphone Company has been settled, the participants announced last week.
No money changed hands in the suit. Fanny Wang will continue to sell its line, but "steps will be made to avoid any future consumer confusion," according to a statement issued by Fanny Wang.
“I am pleased that we were able to work everything out amicably," CEO Tim Hickman said. "We are excited to be able to put all our energies and talent into continuing to create and sell our unique brand of fashion headphones that offer consumers the best music and headphone experience possible.”