Blue LED Inventor Grudgingly Accepts Y 844M Settlement

Law360, New York (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...
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