Nuclear Reactor Licensees Push To End $89M IP Suit

By Kelcee Griffis (April 5, 2017, 8:02 PM EDT) -- Two companies that licensed a nuclear reactor hit back against the energy technology's owner Tuesday, arguing in Florida federal court that the patent holders clearly violated a licensing agreement and voided an $89 million contract.

In a filing opposing a motion for partial summary judgment, licensee Cherokee Investment Partners LLC and related entity Industrial Heat LLC said Leonardo Corp. and its founder, Andrea Rossi, didn't properly complete a set of performance tests that were supposed to trigger the payouts.

In the filing, Cherokee and Industrial Heat asked for summary judgment in their favor instead. They said the performance tests happened nearly...

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