press release
Oct. 3, 2011, 9:00 a.m. EDT
Oct. 3, 2011, 9:00 a.m. EDT
Source: www.marketwatch.com
LAS VEGAS, Oct. 3, 2011 /PRNewswire via COMTEX/ -- International Game Technology IGT +1.62% announced today that it has settled its patent litigation with Aristocrat Leisure Limited (asx:ALL). IGT and Aristocrat have cross-licensed each other to their patents and they will have the right to offer all the products which were the subject matter of the litigations subject to certain royalty obligations. This settlement ends all present patent litigation between IGT and Aristocrat and their subsidiaries.
"IGT is pleased that we were able to reach an agreement with Aristocrat and put these disputes behind us," said Robert G. Melendres, Chief Legal Officer and Corporate Secretary at IGT. "This settlement confirms and reinforces the importance of intellectual property to IGT and this industry."
Two of the settled lawsuits were pending in the United States. In 2006, Aristocrat sued IGT in the United States District Court for the Northern District of California on patents related to multi-level progressives such as Aristocrat's HYPERLINK and IGT's FORT KNOX products. In 2010, IGT sued Aristocrat in the United States District Court for the Central District of California on patents related to the authentication of software in slot machines. The other lawsuit was pending in Australia. In 2010, Aristocrat sued IGT AU in the Federal Court of Australia, New South Wales District Registry, on an Australian patent related to a side bet feature on slot machines.
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