By Phil Milford
Source: http://www.bloomberg.com
Whirlpool Corp., the world’s largest appliance maker, said it won a six-month stay of litigation in a refrigerator-technology patent infringement lawsuit brought in Trenton, New Jersey by Korean rival LG Electronics Inc. (066570)
The postponement was related “to progress in separate proceedings challenging the validity of LG’s patents” in the U.S. Patent and Trademark Office, Whirlpool, based in Benton Harbor, Michigan, said today in a statement.
“We expect LG’s patents to be found invalid under the re- examination proceedings,” said Marc Bitzer, president of Whirlpool’s North America Region.
In another case, Whirlpool and Seoul-based LG halted proceedings in mid-trial last week in U.S. District Court in Wilmington, Delaware.
“The court’s ruling will be entered and made public in the near future, resolving the issues that were pending in this retrial” over a patent for refrigerator icemakers, Kristine Vernier, a Whirlpool spokesperson, said in an Oct. 3 e-mailed statement. LG officials didn’t return messages seeking comment.
In the Delaware case, Whirlpool lawyers asked a jury to award $16.2 million in patent damages.
Whirlpool fell $2.20 or 4 percent to $53.04 in New York Stock Exchange composite trading at 1:49 p.m. LG shares rose 100 won to 74,000 in Korea.
The Delaware case is LG Electronics v. Whirlpool Corp. (WHR), 1:08-cv-00234, U.S. District Court, District of Delaware (Wilmington).
Source: http://www.bloomberg.com/news/2011-10-07/whirlpool-wins-six-month-halt-in-lg-refrigerator-technology-patent-lawsuit.html
Source: http://www.bloomberg.com
Whirlpool Corp., the world’s largest appliance maker, said it won a six-month stay of litigation in a refrigerator-technology patent infringement lawsuit brought in Trenton, New Jersey by Korean rival LG Electronics Inc. (066570)
The postponement was related “to progress in separate proceedings challenging the validity of LG’s patents” in the U.S. Patent and Trademark Office, Whirlpool, based in Benton Harbor, Michigan, said today in a statement.
“We expect LG’s patents to be found invalid under the re- examination proceedings,” said Marc Bitzer, president of Whirlpool’s North America Region.
In another case, Whirlpool and Seoul-based LG halted proceedings in mid-trial last week in U.S. District Court in Wilmington, Delaware.
“The court’s ruling will be entered and made public in the near future, resolving the issues that were pending in this retrial” over a patent for refrigerator icemakers, Kristine Vernier, a Whirlpool spokesperson, said in an Oct. 3 e-mailed statement. LG officials didn’t return messages seeking comment.
In the Delaware case, Whirlpool lawyers asked a jury to award $16.2 million in patent damages.
Whirlpool fell $2.20 or 4 percent to $53.04 in New York Stock Exchange composite trading at 1:49 p.m. LG shares rose 100 won to 74,000 in Korea.
The Delaware case is LG Electronics v. Whirlpool Corp. (WHR), 1:08-cv-00234, U.S. District Court, District of Delaware (Wilmington).
Source: http://www.bloomberg.com/news/2011-10-07/whirlpool-wins-six-month-halt-in-lg-refrigerator-technology-patent-lawsuit.html
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