Affymetrix, Illumina Strike $90M Settlement Pact

Law360, New York (January 10, 2008, 12:00 AM EST) -- Illumina Inc. will pay Affymetrix Inc. $90 million without admitting liability under a settlement agreement that should resolve litigation between the genetic analysis companies in the United States, England and Germany.

In exchange for the one-time payment, Affymetrix will drop all its lawsuits against Illumina, and Illumina will dismiss its counterclaims.

The settlement will affect lawsuits Affymetrix brought against Illumina in the U.S. District Court for the District of Delaware, Germany's Regional Court in Dusseldorf and the High Court of Justice, Chancery Division – Patents Court...
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