CIBA, Rembrandt Settle Contact Lens Patent Suit

Law360, New York (April 24, 2009, 12:00 AM EDT) -- Rembrandt Vision Technologies LP has dropped post-trial claims against eye care company CIBA Vision Corp., two months after the Novartis AG unit was ordered to pay Rembrandt $47.1 million for infringing its contact lens patent.

Magistrate Judge Charles Everingham IV of the U.S. District Court for the Eastern District of Texas on Thursday granted a joint motion to dismiss the remaining claims in the litigation under the terms of a confidential settlement the parties reached April 17.

The dismissal comes about two months after Judge Everingham...
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