Waters Pays $18M To Settle Patent Infringement Suit

Law360, New York (March 15, 2004, 12:00 AM EST) -- Applera Corp.’s Applied Biosystems Group and MDS Inc. agreed to settle their patent infringement lawsuit against Waters Technologies Corp. in return for a one-time payment of $18.1 million, Waters Technologies said Monday.

Applied Biosystems and MDS had sued Waters Technologies in the U.S, the U.K., Canada and Japan, alleging that its mass spectrometry products infringe a patent held by MDS.

The plaintiffs had sought an injunction and an unspecified award of damages.

Under the terms of the settlement, Applied Biosystems and MDS and Waters Technologies entered...
To view the full article, register now.