In a press release from Gibson, CEO, Henry Juszkiewicz remarked:
You can read more about the case here and here.
We felt compelled to settle as the costs of proving our case at trial would have cost millions of dollars and taken a very long time to resolve. This allows us to get back to the business of making guitars. An important part of the settlement is that we are getting back the materials seized in a second armed raid on our factories and we have formal acknowledgement that we can continue to source rosewood and ebony fingerboards from India, as we have done for many decades.
The company counts musicians like Brian Fallon of Gaslight Anthem, Dave Grohl of Foo Fighters, Billie Joe Armstrong of Green Day, Greg Hetson of Bad Religion, Sergie Loobkoff of Samiam, Woody Guthrie, George Harrison of The Beatles and many others among their sponsored musicians and fans.