Katapult settles patent lawsuit, secures perpetual royalty-free license to disputed tech

Filed June 8, 2026 · Period ending June 5, 2026 · ~1 min read

Key Changes

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  Katapult settled 20-month patent infringement lawsuit with Flexshopper that sought injunction and damages for alleged infringement of five patents related to its lease-to-own business model.

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  Company obtained perpetual, royalty-free worldwide license to all disputed patents for itself and affiliates including Aaron's and CCFI, eliminating future infringement risk across corporate family.

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  Both Flexshopper and patent owner ReadySett agreed never to sue Katapult for infringement of these patents in exchange for undisclosed lump sum payment.

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