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Press Release Regarding Settlement in Kubota v. Daedong 'Kioti' Case
Friday August 27, 7:56 pm ET
TORRANCE, Calif.--(BUSINESS WIRE)--Aug. 27, 2004--Kubota Corporation and Kubota Tractor Corporation, on the one hand, and Daedong Industrial Co., Ltd. and Daedong-USA, Inc., on the other hand, have settled the lawsuit filed by Kubota in August 2002 in Federal District Court in Fresno, California.
The lawsuit alleged, among other things, that certain aspects of the appearance of Daedong's Kioti tractors infringed trade dress and other rights that Kubota asserted exist in Kubota's tractors. Daedong is taking certain steps that Kubota believes will address its concerns.
Kubota wishes to once again inform consumers that there is no relationship between Kubota and Daedong or their respective products. Kubota and Daedong are completely separate and unrelated companies. Kubota did not design and does not manufacture the engine or any other component of any Kioti tractors, and Kubota dealers have no obligation to honor warranties on Kioti tractors. Kubota does not authorize its parts to be used on Kioti tractors.
Other terms of the settlement are confidential.
Contact: Kubota News Bureau, 714-557-3663, Ext. 226
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