Itron Settles Suit Over Meter Reading Devices

Law360, New York (October 15, 2003, 12:00 AM EDT) -- Itron, a provider of information technology to the utilities industry, settled a lawsuit filed by Ralph Benghiat over Itron's manual-entry handheld meter reading devices, the company reported in a statement Wednesday.

The settlement resolves all outstanding Benghiat patent litigation issues and assigns ownership of Mr. Benghiat's patent to Itron, the company said.

On December 20, 2002, a jury in Minneapolis found that Itron's manual entry handheld meter reading devices infringed a patent owned by Mr. Benghiat and awarded Mr. Benghiat damages of $7.4 million. On August...
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