Magnadyne, Best Buy, Ever Win Settle Charger IP Row

Law360, New York (July 15, 2010, 12:56 PM EDT) -- A federal judge has signed off on a three-way settlement ending both Magnadyne Corp.’s infringement action against Best Buy Co. Inc. over a design patent for cell phone chargers and a lawsuit by Best Buy’s supplier, Ever Win Corp., seeking to invalidate the asserted patent.

On Wednesday, Judge A. Howard Matz of the U.S. District Court for the Central District of California dismissed all the claims and counterclaims among the parties with prejudice and ordered each side to pay its own litigation bills racked up since...
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