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Lulu settles yoga pant lawsuit

The Canadian athletic apparel maker reached a deal with Calvin Klein to settle lawsuits over exercise pant designs. As part of the deal, Lululemon Athletica (LULU) said pending lawsuits with G-III (GIII), which owns the rights to the Calvin Klein Performance brand, will be dismissed. Settlement terms were not disclosed. Lululemon shares fell 2.7% .