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Waters Pays $18M To Settle Patent Infringement Suit

Law360 (March 15, 2004, 12:00 AM EST) -- Applera Corp.’s Applied Biosystems Group and MDS Inc. agreed to settle their patent infringement lawsuit against Waters Technologies Corp. in return for a one-time payment of $18.1 million, Waters Technologies said Monday.

Applied Biosystems and MDS had sued Waters Technologies in the U.S, the U.K., Canada and Japan, alleging that its mass spectrometry products infringe a patent held by MDS.

The plaintiffs had sought an injunction and an unspecified award of damages.

Under the terms of the settlement, Applied Biosystems and MDS and Waters Technologies entered...
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