LAWSUITS NEWS & LEGAL INFORMATION
Diagnostic Imaging
This is a settlement for the Trademark, Copyright, Patent lawsuit.
New York, NY: (Apr-21-08) Given Imaging Ltd., an Israel-based manufacturer of pill-sized diagnostic cameras, brought a patent infringement lawsuit against Olympus Corporation, over patents related to capsule endoscopy products sold in the US. Officials from both companies recently disclosed that the two sides have resolved the dispute and entered into a settlement agreement.
Under the terms of the agreement, Olympus will pay Given $2.3 million to end all allegations in the lawsuit. Additionally, the settlement calls for all past legal actions to be dropped and a deal to not file lawsuits over current products. Sources stated that each company will receive a cross license related to future pill-sized cameras. Court documents indicate that a formal written agreement, which would serve to finalize the settlement, is expected to be signed shortly. [YAHOO FINANCE: GIVEN IMAGING REACHES PATENT INFRINGEMENT SETTLEMENT]
Published on Apr-22-08
Under the terms of the agreement, Olympus will pay Given $2.3 million to end all allegations in the lawsuit. Additionally, the settlement calls for all past legal actions to be dropped and a deal to not file lawsuits over current products. Sources stated that each company will receive a cross license related to future pill-sized cameras. Court documents indicate that a formal written agreement, which would serve to finalize the settlement, is expected to be signed shortly. [
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