VAN NUYS, CA (BRAIN)—Giro has dropped the lawsuit it filed against Specialized in September in which it claimed that the Morgan Hill, California, company engaged in unfair business practices.
The case was dismissed Monday in the Superior Court of Santa Clara County.
In a statement issued Tuesday, Giro said it moved for a dismissal, reserving the option of pursuing claims in U.S. district court.
“Giro preserves all options of seeking more extensive relief throughout all markets that were affected by the choice-limiting campaign without the territorial limitations imposed by the California courts,” the company said. “Giro will consider re-filing in another forum and is permitted to do so by law.”
Giro filed the complaint Sept. 9, alleging that Specialized was attempting to force retailers to stop carrying and selling Giro cycling shoes through an addendum to its dealer agreement with Specialized retailers.
“Giro continues to support marketplace competition and retailer independence,” Greg Shapleigh, senior vice president for Giro and Easton Cycling said in the statement. “We do so because consumers have a right to decide which products they want to purchase and because retailers have a right to meet consumer needs by freely choosing and selling products that serve their customers.”
To read more about the complaint, visit the link above.