Teknek Affiliates To Pay $3.7M For Infringement

Law360, New York (October 26, 2007, 12:00 AM EDT) -- A federal appellate court confirmed on Friday the joinder of a British holding company and two individuals to a $3.7 million infringement verdict against a manufacturer and its electronics subsidiary.

The joined defendants allegedly facilitated the fraudulent transfer overseas of virtually all of Teknek LLC and Teknek Electronics Ltd.'s assets so that they would not have the resources to pay damages to plaintiff Systems Division Inc.

“These transfers were made with the actual intent to defraud SDI as its creditor under California Civil Code, and the...
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