We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Investors Get $16M In Headwaters IP Fraud Action

Law360 (April 11, 2011, 3:24 PM EDT) -- A Tennessee federal judge on Monday awarded $16 million to a class of shareholders in now-defunct Adtech Inc. who alleged they were defrauded by Headwaters Inc. through a scheme to transfer a patent for coal agglomeration technology.

Judge Jon P. McCalla of the U.S. District Court for the Western District of Tennessee refused to accept any of Headwaters' eight equitable defenses — including the sustainable energy company's claims that the plaintiffs' allegations were barred by laches, acquiescense and the doctrine of unclean hands — and elected...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.