Biolitec Appeals $63M Sanction, CEO Arrest Order In IP Row

Law360, Los Angeles (February 11, 2014, 8:57 PM EST) -- Biolitec AG on Monday asked the First Circuit to overturn a district court ruling that stuck the German laser company with $63 million in contempt damages and an arrest warrant for its CEO, saying it hadn’t caused any damage to the plaintiff in an intellectual property indemnification suit by completing a planned merger.

U.S. District Judge Michael Ponsor in April found Biolitec in contempt for proceeding with a merger that was expressly forbidden in a preliminary injunction, but Biolitec argued that the merger terms were renegotiated...
To view the full article, register now.