LAKE PLACID, N.Y. (AP) -- Pending litigation between the United States Bobsled and Skeleton Federation and the Bo-Dyn Bobsled Project, Inc. has been dropped.
An out-of-court agreement has been signed by both sides, according to Phil Kurze, vice president of Connecticut-based Whelen Engineering, who also serves as president of the Bo-Dyn Bobsled Project, Inc.
Kurze said all previous agreements between the two organizations are void and that the USBSF is authorized to make any modifications on the bobsleds in their possession. However, Bo-Dyn still owns the intellectual property in those bobsleds, he said.
The Bo-Dyn Bobsled Project, created by former NASCAR driver Geoff Bodine, has provided bobsleds to the U.S. team for two decades and also refurbished them. But the two sides split in 2011 in a disagreement over intellectual property.
Bo-Dyn sleds have won six Olympic medals, two of them gold.