Phoenix — MTX and Mitek said they reached a settlement with 7 Elephants Distribution and Ashkan Tabibnia and Sharam Tabibnia whereby these companies will refrain from selling MDX audio products.
Mitek claimed the MDX brand sold by 7 Elephants and the Tabibnias infringed on MTX’s trademark.
In addition, 7 Elephants and the Tabibnias have paid Mitek an undisclosed dollar amount.
Earlier this year, Mitek was granted a preliminary injunction, which stopped 7 Elephants from selling MDX products.In its order, the United States District Court judge said Mitek was likely to prevail in its claims that 7 Elephants and the Tabibnias were reasonably likely to confuse Mitek customers through the MDX brand designation, said Mitek.