ReedHycalog, United Diamond Settle Drill Bit Battle

Law360, New York (September 23, 2009, 12:18 PM EDT) -- A patent suit ReedHycalog UK Ltd. filed against Ulterra Drilling Technologies LP and United Diamond Drilling Services Inc. over fixed diamond cutter drill bits has been resolved, now that the parties have reached a settlement deal and had the case dismissed.

Judge Leonard Davis of the U.S. District Court for the Eastern District of Texas signed off on an order Tuesday granting a stipulated motion for dismissal with prejudice filed by Reed Hycalog and defendants United Diamond LP, United Diamond Drilling Services and Ulterra Drilling Technologies....
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