Arbitrator Rules For University Of California In Royalty Case Over Laser Technology

Law360, New York (February 17, 2005, 12:00 AM EST) -- A California arbitrator has ordered medical laser maker Candela Corp. to pay additional royalties to the University of California for technology used in the company’s dynamic-cooling device.

Under the interim decision, Candela must pay royalties to the regents of the University of California for the device, and also for each of four laser systems when they are sold with the cooling device.

The arbitrator sided with the regents, who contended that Candela was required to pay royalties based on the list price of the lasers themselves...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.