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Magnetek, Inventor Settle Patent Spat For $19M

Law360 (June 13, 2008, 12:00 AM EDT) -- Digital power company Magnetek Inc. has agreed to pay Ole K. Nilssen $18.75 million — several million dollars less than Nilssen was awarded in arbitration — to settle charges that it infringed the Norwegian inventor's patents covering electronic lighting ballasts.

The settlement, announced Thursday, came less than two months after a federal judge confirmed a $22 million arbitration award in favor of Nilssen and his Geo Foundation, according to Magnetek.

Soon after the judgment was reached, Magnetek appealed to the U.S. Court of Appeals for the...
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