Nautique, Malibu settle patent litigation

Nautique Boat Co. announced on Monday a resolution of its patent litigation with Malibu Boats that includes both parties dropping their claims and counterclaims, as well as Nautique entering a license agreement related to certain Malibu patents. Malibu originally filed a complaint in U.S. District Court in Tennessee in 2013, related to Nautique's Surf System, which Malibu said infringed on its patented Surf Gate system, according to a report by Trade Only Today, a news site for marine industry professionals. Nautique…