Fujitsu, University Resolve Plasma Display Panel Suit

Law360, New York (July 12, 2007, 12:00 AM EDT) -- The University of Illinois, Competitive Technologies Inc. and Fujitsu Ltd. have struck a settlement deal resolving a long-running battle that began with a suit over two patents and involved counterclaims for unfair competition and misappropriation of trade secrets.

The plaintiffs' patent infringement claims were tossed out when a California court granted Fujitsu summary judgment in 2004. However, the Fujitsu defendants' counterclaims—for which Fujitsu was seeking $5 million in damages, plus punitive damages, fees and and costs—remained on the table.

The settlement deal, which still needs court...
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