Law360, New York (June 13, 2008, 12:00 AM ET) -- Digital power company Magnetek Inc. has agreed to pay Ole K. Nilssen $18.75 million — several million dollars less than Nilssen was awarded in arbitration — to settle charges that it infringed the Norwegian inventor's patents covering electronic lighting ballasts.
The settlement, announced Thursday, came less than two months after a federal judge confirmed a $22 million arbitration award in favor of Nilssen and his Geo Foundation, according to Magnetek.
Soon after the judgment was reached, Magnetek appealed to the U.S. Court of Appeals for the...
Magnetek, Inventor Settle Patent Spat For $19M
To view the full article, take a free trial now.
