Monoprice will no longer be selling the speaker system that, for all intents and purposes, was identical to the Klipsch Energy series, as part of an otherwise undisclosed agreement between the two parties. CNET has the details:
Friday morning, Klipsch lawyer, Dean E. McConnell, told CNET via email that the dispute had been resolved on Thursday.
“The litigation between Klipsch Group, Audio Products, and Monoprice has been amicably resolved,” McConnell wrote. “The terms and conditions of the settlement are confidential and I have no further comment.”
A Monoprice spokesman did not return a request for comment. We will update this story if we get a response.
Both brands are enthusiast favorites in their respective fields, and no one likes it when Mommy and Daddy fight. It’s good to see that the two companies were able to reach a settlement without the courts, and go back to doing what Klipsch and Monoprice do best: Making quality gear, and bringing us the cables and wires we connect them with, for an incredibly reasonable price.
We speculated when this news originally broke that this was a case of an OEM re-using the speaker design, and Monoprice not knowing anything about it when they ordered the speakers for their lineup, and the speed at which this lawsuit has been settled seems to at least be consistent with that. Most importantly, Monoprice and Klipsch obviously worked together to resolve this issue, because three months is about as fast as any corporate lawyers move these days. We’ll never know what went on behind closed doors, but I like to think that it was a civilized, ideal ending, where people’s intellectual property was protected, and honest mistakes were corrected.