litigation
confidence high
sentiment neutral
materiality 0.60
Katapult settles patent lawsuit with Flexshopper, obtains worldwide license and releases claims
Katapult Holdings, Inc.
- Settlement covers U.S. Patent Nos. 10,089,682; 10,282,778; 10,891,687; 11,966,969; and 12,067,611.
- Katapult gets a nonexclusive, perpetual, fully paid-up, royalty-free worldwide license to the Subject Patents.
- Flexshopper and ReadySett release Katapult and affiliates (including Aaron's and CCFI) and covenant not to sue.
- Katapult paid an undisclosed lump sum to Flexshopper; lawsuit dismissed with prejudice on June 8, 2026.