Cash Offsets Count As Monetary Gain, 3rd Circ. Says

Law360, New York (September 5, 2013, 3:40 PM EDT) -- The Third Circuit on Thursday ruled that cash offsets qualify as monetary gain, and thus, a recovery of damages, reviving an inventor's suit claiming Boston Scientific Corp. cheated him out of his cut of a court settlement involving a coronary stent patent he licensed to the medical equipment provider.

In a split, precedential opinion, a panel for the appeals court held that a $1.75 billion settlement reached between BSC and Cordis Corp. over a damages dispute for the companies' infringement of each others' patents involved a...
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