Arbitrator Rules For University Of California In Royalty Case Over Laser Technology

Law360, New York (February 17, 2005, 12:00 AM EST) -- A California arbitrator has ordered medical laser maker Candela Corp. to pay additional royalties to the University of California for technology used in the company’s dynamic-cooling device.

Under the interim decision, Candela must pay royalties to the regents of the University of California for the device, and also for each of four laser systems when they are sold with the cooling device.

The arbitrator sided with the regents, who contended that Candela was required to pay royalties based on the list price of the lasers themselves...
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