Jury Awards Toy Co. $10.3M In Profits For Water Balloon IP

Law360, New York (November 22, 2017, 4:05 PM EST) -- A Texas federal jury on Tuesday awarded $10.25 million in lost profits to a toy company over two patents for a relatively new water balloon-filling device, copycats of which were allegedly sold by Telebrands Corp. at Bed Bath & Beyond Inc. and other retailers — just weeks before the Patent Trial and Appeal Board is set to hold its own trial over the two patents.

The jury said that the collective plaintiffs — licensee and toy company Zuru Ltd. and patent holder Tinnus Enterprises — deserved $10.25 million in lost profits, $2 million in royalties and $67,000 in infringement because of...

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