Japan Court Awards Record Sum To Inventor

Law360, New York (January 28, 2004, 12:00 AM EST) -- In what legal analysts say could be a precedent-setting case, Hitachi has been ordered to pay a former employee the largest compensation ever for an invention.

The Tokyo High Court on Thursday set aside a lower court’s ruling and raised the amount from 35 million yen to a record 163 million yen. The court annulled a November 2002 Tokyo District Court and added compensation for overseas patents.

Seiji Yonezawawas was awarded the amount for his development of technology to read data from optical disks such as...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.