Halliburton Unit Awarded $24M In Patent Suit

Law360, New York (June 27, 2004, 12:00 AM EDT) -- A jury in a federal district court in Texas has awarded Halliburton damages of $24 million in a patent infringement case filed against Smith International over drill bits.

In September 2002, Security DBS, Halliburton's drill bit business, filed a lawsuit in the U.S. District Court for the Eastern District of Texas seeking damages for Smith's infringement of the patented technology.

The jury found that Smith's competing bits, known as IDEAS, including Twist and Shout bits, willfully infringed three of Halliburton's patents. The jury also rejected Smith's...
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