Search on
News Title
News Details
Reports/Directory
Glossary
 
Title_head
US District Court gives verdict in a favor of Metso in a lawsuit
136 times viewed.
Thursday, 09 Dec 2010
EmailButton
Pdf_button

Metso has been successful in protecting its intellectual property rights against a competitor. A jury of United States District Court for the Eastern District of New York has given a verdict in a favor of Metso in a lawsuit Metso versus Powerscreen International Distribution Limited (known as Terex GB Limited), Terex Corporation, Emerald Equipment Systems Inc et al., involving the protection of Metso’s lateral folding conveyor patent rights related to mobile crushing and screening plants.

According to the jury verdict, Metso's lateral folding conveyor patent in question is valid and the defendants have infringed it since year 2000.

Further the jury has found that the infringement is willful, therefore potentially allowing Metso to collect multiple damages. The verdict awards damages to Metso in the amount of about EUR 12 million.

Subject to post-trial motions, a court ruling is expected to be received in spring 2011 at which point total compensation for damages payable to Metso will be known. In the event the court ruling is appealed, the final outcome of the lawsuit would be expected by 2012. Metso will book the compensation in its financial results only when the final outcome of the lawsuit is clear, earliest in 2011.

Metso will continue to be active in protecting its intellectual property rights globally, acting with the objective to enhance fair competition.

Expanded Metal by Anping County Huijin Wire Mesh Co., Ltd.
Galvanized Steel by Beijing Xinruilufeng Industry and Trade Co., Ltd.
Wire Mesh Manufacturers & Suppliers
Aluminium Sheets Manufacturers & Suppliers

jspl
Stemcor
More International News
 
Disclaimer|Copyright Policy|Privacy Policy|About us|Feedback|Contact us|FAQ|Site Map|Know about SteelGuru