Investors Get $16M In Headwaters IP Fraud Action

Law360, New York (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...
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