Intellectual Property

A multi-national manufacturing company granted a patent license on a large assembly line component machine to a manufacturer. A lawsuit was filed alleging patent infringement, breach of a license agreement and unjust enrichment. Plaintiff sought damages in excess of $10 million. Defendant counterclaimed, alleging that the patents were invalid and unenforceable and sought an injunction and monetary damages on antitrust claims. Settlement of all claims was reached, based in part upon a continuing business relationship.