Blue LED Inventor Grudgingly Accepts Y 844M Settlement

Law360 (January 11, 2005, 12:00 AM EST) -- In a case seen as a test of inventor rights in Japan, the inventor of blue-LED technology has grudgingly accepted a settlement offer of 844 million yen ($8 million) from his former employer.

The case is widely watched as it is expected set a precedent for how Japanese companies treat inventors on the payroll who typically receive only a modest bonus for groundbreaking inventions.

Nichia Corp. agreed to pay Shuji Nakamura, 50, the largest settlement ever paid by a Japanese company in a legal battle with...
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.