Nexteer Escapes Hitachi Rare-Earth Patent Probe With Deal

Law360, New York (May 21, 2013, 2:08 PM EDT) -- Hitachi Metals Ltd. has agreed to drop Nexteer Automotive Corp. from an investigation claiming dozens of companies imported products containing patented rare-earth magnets, according to settlement papers filed Monday with the U.S. International Trade Commission.

Hitachi and Nexteer filed a joint motion asking the trade body to dismiss the Michigan-based auto parts supplier from Hitachi's broader case accusing numerous companies of violating Section 337 of the Tariff Act of 1930 by shipping products that infringed four of its patents for rare-earth magnet technology.

The parties didn't...
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