Imation, Philips Settle Data Storage Patent Suit

Law360, New York (February 16, 2010, 6:06 PM EST) -- Imation Corp. and Koninklijke Philips Electronics NV have settled a dispute over a patent license agreement related to information storage and retrieval technology.

Judge Donovan W. Frank of the U.S. District Court for the District of Minnesota on Tuesday approved a consent judgment between the two companies dismissing all claims between them with prejudice, pursuant to a confidential settlement.

The judgment comes less than four months after Philips suffered a setback in the U.S. Court of Appeals for the Federal Circuit, which ruled that two Imation...
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