Nuclear Reactor Licensees Push To End $89M IP Suit

Law360, New York (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...
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