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Phoenix IP, Emerson Electric Settle Patent Suit

Law360, New York (August 04, 2008) -- Patent-holding company Phoenix IP LLC has settled a dispute with technology and engineering company Emerson Electric Co. over patents related to computer-assisted utilities sales and energy expense forecasting.

On July 31, Texas-based Phoenix IP and Emerson Electric jointly moved to dismiss with prejudice all claims and counterclaims in the case. Judge T. John Ward of the U.S. District...

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