Damages Award Slashed in Laser Surgery Case

Law360, New York (January 27, 2006, 12:00 AM EST) -- In a blow to Nidek, The U.S. Court of Appeals for the Federal Circuit has vacated part of the damages awarded to the Japanese eye care company in the aftermath of its patent infringement battle with Summit Technology Inc. over a laser eye surgery device.

The decision, issued on Thursday, cut the district court’s earlier reward of $388,000 to Nidek by more than half, granting the company $173,000 to cover the damages and litigation costs incurred.

“Ultimately, Nidek and the district court seem to have relied...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.