Inventor Settles $89M Licensing Row Over Nuclear Technology

Law360, Miami (July 31, 2017, 8:06 PM EDT) -- An Italian inventor who sued in Florida federal court over an $89 million licensing agreement for an energy catalyzer patent has settled the dispute with licensee Cherokee Investment Partners LLC over technology for a low-energy nuclear reactor called the E-Cat.

Inventor Andrea Rossi and Cherokee told the court July 5 that they had settled the lawsuit, ending the dispute one week into a planned five-week trial.

Details of the deal were not made public. Attorneys for the parties did not respond to requests for comment.

Under the terms of the $100 million agreement at the heart of the dispute, Industrial Heat...

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