*NEWS*LATEST ON NASHUA & RICOH LAWSUIT

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*NEWS*LATEST ON NASHUA & RICOH LAWSUIT

 user 2005-08-12 at 11:05:00 am Views: 123
  • #12669


    NaShua Corporation Announces Opinion and Order in Ricoh Toner Litigation


    NASHUA, N.H,Aug. — Nashua Corporation


    , a manufacturer and marketer of labels, thermal specialty papers



    and imaging products, today announced that on August 2, 2005, the United



    States District Court for the District of New Jersey issued an opinion and



    order in a patent infringement lawsuit filed by Ricoh Company Ltd. et al.



    against Nashua Corporation, Katun Corporation, and General Plastics Industrial



    Co. The Court issued summary judgment that one of six Ricoh patents relating



    to toner bottles for use in photocopy machines (U.S. Patent No. 6,075,963) was



    not invalid as anticipated by certain prior art and was infringed by Nashua



    Corporation (“Nashua”). In addition, the Court interpreted disputed terms of



    the six patents involved in the lawsuit.



    On May 30, 2003 Ricoh Company, Ltd. and affiliated companies filed a



    complaint against several defendants, including the largest customer of



    Nashua’s Imaging Supplies segment, Katun Corporation, and General Plastics



    Industrial Co., a supplier to the Imaging Supplies segment. The complaint



    alleged multiple counts of patent infringement, trademark infringement and



    unfair competition by the defendants. On October 17, 2003, Ricoh amended the



    complaint and added Nashua as an additional co-defendant in the suit. The



    allegations arose from the sale and distribution of Ricoh compatible toner



    products. In the lawsuit, Ricoh seeks, among other things, damages as a



    result of alleged patent infringement, increased damages for willful



    infringement, attorney’s fees, and injunctive relief. On April 12, 2005, the



    District Court granted the defendants’ summary judgment motion dismissing the



    counts related to trademark infringement and unfair competition.



    Nashua believes that it is entitled to indemnification from Katun for



    monies owed as a result of any judgment rendered against Nashua in this



    litigation, including for damages, costs, attorney’s fees and interest, as



    well as for monies paid to Ricoh in settlement of the Ricoh litigation,



    provided that Katun has consented to the settlement. Nashua and Katun are



    each responsible for their own attorney’s fees in connection with the



    litigation.



    Nashua previously announced that on April 1, 2005 it committed to a plan



    to exit the toner and developer business, which is included in its Imaging



    Supplies segment, by March 31, 2006.



    Andy Albert, Chairman, President and Chief Executive Officer said: “We



    are currently reviewing the Court’s opinion and evaluating its legal and



    business impact.”



    About Nashua



    Nashua Corporation manufactures and markets a wide variety of specialty



    imaging products and services to industrial and commercial customers to meet



    various print application needs. The Company’s products include thermal



    coated papers, pressure-sensitive labels, colored copier papers, bond, point



    of sale, ATM and wide format papers, entertainment tickets, as well as toners,



    developers, and ribbons for use in imaging devices