Tiny Engine Maker Secures Funds For Suit Vs. Toyota

Law360, New York (November 29, 2005, 12:00 AM EST) -- Tiny electric engine maker Solomon Technologies Inc., whose patent infringement suit against auto giant Toyota stalled due to troubles financing the litigation, will proceed after the company secured funds to continue pressing its case.

The company has reached an agreement with Oliver Street Funding whereby Oliver Street will pay all legal fees and expenses in return for either 40% of the recovery, or the actual amount of fees and expenses paid.

“We are extremely pleased to have concluded our efforts to fund the costs of this...
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