Ciena To Pay $7.7M And Drop Out Of Patent Spat

Law360, New York (February 4, 2008, 12:00 AM EST) -- Ciena Corp. has reached a $7.7 million settlement with Northrop Grumman Guidance and Electronics Co. to resolve a dispute over an optical fiber amplifier patent, less than two weeks after Ciena and its fellow defendants asked the court to stay the case while the patent-in-suit was re-examined.

According to the agreement signed by Ciena and Northrop on Jan. 31 Ciena's one-time $7.7 million payment will settle all claims between the parties, Ciena disclosed in a regulatory filing on Friday.

The other defendants in the case, including...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.