Judge Delays Showdown Over Vicor's $50M Ericsson Payout

Law360, New York (July 6, 2012, 5:51 PM EDT) -- A Massachusetts federal judge on Wednesday granted Vicor Corp. several more months to prepare to face off against its insurers, who seek to end a lawsuit that could force them to pay a bigger chunk of Vicor's $50 million settlement with Ericsson Wireless Communications Inc. over alleged equipment failures.

In an electronic order, U.S. District Judge Richard G. Stearns agreed that Vicor needed the added time, given a recent First Circuit ruling that overturned a previous judgment and that set a new legal rule as to...
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.