MULTI-UNION & EPSON REACH SETTLEMENT

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MULTI-UNION & EPSON REACH SETTLEMENT

 user 2005-06-13 at 11:25:00 am Views: 50
  • #11488
    Multi Union & Seiko Epson Reach Settlement
     
    Multi Union Trading Company Ltd. has reached an agreement with the Seiko
    Epson Group on two pending lawsuits.
     
    Seiko Epson alleged patent infringement on specific Multi Union inkjet
    cartridges often sold under its Print-Rite brand and filed action against the
    company in the U.S. District Court in Portland, Ore. The suit was filed in April
    2001 for 23 modelsand in March 2005 for an additional 49 models.
     
    The settlement, which was reached after what Multi Union called in a
    written statement “vigorous litigation” efforts, prohibits Multi Union from
    selling the prescribed compatible inkjet cartridges within the United States.
    Multi Union noted, however, that there are no restrictions on these cartridges
    outside of the U.S.
     
    The statement also said that although Multi Union was “fully prepared for
    trial of the first-filed case” slated for Sept. 2005., both companies were able
    to “settle both cases through mediation, thereby avoiding the huge costs and
    burden of litigation.”