CRKT And Cold Steel Settle Their Differences

I got the following press release late this morning from Columbia River Knife & Tool:

Tualatin, Oregon, U.S.A.— July 27, 2015

CRKT today announced a settlement of a lawsuit filed in June 2015 in Los Angeles by Cold Steel relating to advertising by Columbia River Knife and Tool (CRKT). CRKT is satisfied with the terms of the settlement, which are confidential. The lawsuit will be dismissed. Neither party will make any further comment about the lawsuit or its resolution.

I had written about the lawsuit that Cold Steel brought against CRKT about a month and a half ago. I called it a misuse of the courts and I stand by that statement. While I had a request in to CRKT for a response to the lawsuit, they said they couldn't talk about it.

As the press release makes clear the lawsuit will be dismissed and the terms of the settlement will be confidential. It should be interesting to see if there is a change in advertising or other behavior from either party in the near to mid-term future. That would be as clear an indication as any as to the terms of the settlement.