Schneider Electric Must Pay $45M: China Patent Suit
Law360 (October 1, 2007, 12:00 AM EDT) -- French electrical company Schneider Electric was ordered on Saturday to pay a Chinese company 330 million yuan ($45 million) in damages after losing a patent infringement case in a Western China court.
The Wenzhou Intermediate Court of Zhejiang province ordered Schneider Electric to pay the 330 million yuan in compensation to the Chint Group for violating patents for low-voltage electrical equipment.
Specifically, the court found that Schneider had violated patents on five models of Chint equipment, and had earned 883.6 million yuan in revenue from the production and sale of the infringing machinery from August 2004 to July 2006.
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!