Business news: American furniture brand Emeco has accepted an out-of-court settlement from Ikea after accusing the Swedish giant of copying the design of one of its chairs.
The two companies issued a joint statement announcing that a deal had been reached, following claims that Ikea copied Emeco's 20-06 stacking aluminium chair, designed by architect Norman Foster.
The details of the deal remain confidential but both companies said they were happy with the outcome.
The agreement makes clear that Emeco owns the intellectual property rights to the 20-06 chair, which was designed by Foster in 2006.
"The dispute has been resolved," Emeco chairman Gregg Buchbinder told Dezeen, but he declined to give further details.
Last year, Emeco filed a lawsuit against Ikea for allegedly copying the 20-06 chair designed by Norman Foster Emeco had claimed that Ikea's stacking Melltorp dining chair was "very, very similar" to its own product, and filed a design right and copyright infringement case against the Swedish giant last year.
"Emeco is the intellectual property rights owner of the 20-06 chair designed by Norman Foster," the joint statement said.
"In October 2014, Emeco filed a civil law suit against Ikea for alleged design and copyright infringement of the 20-06 chair," it continued.

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"Ikea disagreed to the claim but the companies have been in fruitful discussions...