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

Law360 (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 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.