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Product
Comparsion between the Yamaha Raptor ATV
(Top) compared to the Yamoto 70 ATV (Bottom) |
Los Angeles, CA (11/18/2005) - Yamaha
Motor Corporation, U.S.A. and Yamaha Motor Co.
Ltd. announced that they reached a settlement
yesterday in their lawsuit against defendant Patriot
Motorcycles Company [Pink Sheets: PMCY]. The parties
have agreed to enter into a Consent Judgment on
issues raised in the lawsuit. Yamaha Motor Corporation,
U.S.A., et. al. v. Yamoto Motor Corporation, et.
al., Case No. CV05-7351 RSWL (JTLx).
On October 12, 2005, Yamaha filed suit against Yamato
Motor Corporation and others in Los Angeles Federal
Court for trademark infringement, trademark dilution,
false designation of origin, false advertising, copyright
infringement and unfair competition. The case remains
open as to co-defendant Yamoto. Yamaha is the original
designer, manufacturer and seller of the Raptor(tm)
line of ATVs and TT-R125 off-road motorcycles and
sought a permanent injunction against Yamoto.
”Yamaha is pleased to have reached a settlement
with Patriot Motorcycles Company in such a timely
manner," said Russell Jura, General Counsel of
Yamaha Motor Corporation, U.S.A. "Patriot wants
to move forward," said Michel Attias, Chief Executive
Officer of Patriot. "We will continue to remain
in the U.S. market and will provide our customers
with affordable products for the entire family that
are defined by our own unique qualities and features."
Jura concluded: "While we have settled with
Patriot, our trademark infringement case against Yamoto
Motor Corporation will continue. Yamaha will not tolerate
Yamoto's fraudulent, deceptive imitation of its trademarks,
copyrights and appearance of its products. Since Yamoto
has not yet approached us about a settlement as Patriot
did, our intention is to litigate this case against
Yamoto Motor Corporation through trial."
About Yamaha:
Yamaha ATVs and SxS vehicles are designed, engineered
and built tough! Yamaha Motor Corp., U.S.A.
headquarters are located in Cypress, California.
For more information on Yamaha, visit yamaha-motor.com.
www.yamaha-motor.com
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