The upstart basketball apparel and accessories brand settled its lawsuit accusing the Swoosh of infringing on its DRYV patent for sweat absorbent panels with Nike Hyper Elite shorts and Outdoor Tech shirts and shorts, with both parties agreeing to dismiss the claims with prejudice. Responding to the original suit, the Eager Beavertons filed a claim with the Patent Trial and Appeal Board that the patent, no. 8,769,716, was invalid because of prior art. Last June, the PTAB ruled that Point 3 would face Inter Partes Review, and after months of filings, Point 3 and Nike just last week jointly ... Log in to view full article.