Private Equity Co. Wants Quick Win Against $89M IP Suit
By Kelcee Griffis (March 23, 2017, 4:54 PM EDT) -- Energy companies locked in a battle over patent licensing for an energy catalyzer filed dueling motions for summary judgment in Florida federal court this week, with the patent owner insisting it has a right to enforce its contract and the licensees saying the device didn't perform as promised.
Licensees Cherokee Investment Partners LLC and related entity Industrial Heat LLC urged the court Wednesday to toss the $89 million suit brought by Leonardo Corp., but Leonardo told the court Thursday that the defendants are inventing excuses to escape the contract.
"Instead of making payment, Defendants have created numerous defenses and counterclaims in...
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