Northrop Settles Lawsuit Over Fingerprint ID

Law360, New York (September 10, 2007, 12:00 AM EDT) -- Defense technology company Northrop Grumman Corp. and Cogent Systems have reached a settlement agreement in an ongoing legal dispute over automated fingerprint identification technology, the companies announced Monday.

As part of the settlement agreement, Northrop will pay Cogent $25 million to put an end to the litigation. The two companies also said they have entered into a five-year research and development, service and products agreement. Northrop Grumman will pay Cogent a total of $20 million for products and services during that five year period.

“We're looking...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.