Paice Trims Hybrid Patent Suit Against Toyota

Law360, New York (July 23, 2009, 12:02 AM EDT) -- Paice LLC has dropped certain patent infringement claims against Toyota Motor Corp. related to two Lexus models in ongoing litigation over the rights to three patents covering hybrid vehicle technology.

In an amended complaint filed in the U.S. District Court for the Eastern District of Texas, Paice withdrew allegations that the automotive manufacturer had infringed U.S. Patent Number 5,343,970 with its Lexus GS450h and Lexus LS600h hybrid vehicles.

According to the complaint, Paice gave Toyota a covenant not to assert the ‘970 patent against the models....
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