Weyerhaeuser Company

A U.S. Bankruptcy Judge has entered an Order and Judgment holding Weyerhaeuser Company liable to the bankruptcy estate of Paragon Trade Brands for $457,858,150 million in damages. This dispute stemmed from a 1993 asset sale by Weyerhaeuser to Paragon which closed concurrent with the sale of 100 percent of Paragon's newly issued stock to public investors. Weyerhaeuser received more than $200 million in proceeds from the IPO. At the time of the offering, Weyerhaeuser had incorporated what it knew was patented features into diapers it sold in the business it transferred to Paragon, but did not have the licenses from its competitors for use of the technology. As a result, Paragon's use of this patented technology resulted in a patent infringement lawsuit against Paragon by Procter & Gamble a year after the IPO, and another case filed after the IPO against Paragon by Kimberly-Clark Corporation. (Apr-05-05) [EMAIL LAWYER] [LAWYER WEBSITE]

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