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Monster, Fanny Wang Suit Settled

10/14/2011 04:01:03 PM Eastern

Danville, Calif. - A patent-infringement suit filed by Monster
Cable and Beats Electronics against headphones supplier Fanny Wang has been
settled.

No money exchanged hands between the two headphones companies.

All parties involved have agreed to end the litigation,
originally filed in last December, and steps will be made to avoid any future
consumer confusion between Fanny Wang headphones and Monster's Beats By Dr. Dre
line. Fanny Wang will continue to sell its line.

Fanny Wang CEO Tim Hickman commented, "I am pleased that we were
able to work everything out amicably. 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."