LAWSUITS NEWS & LEGAL INFORMATION
Genetic Analysis
This is a settlement for the Trademark, Copyright, Patent lawsuit.
London, UK: (Jan-10-08) Affymetrix Inc. brought charges against Illumina Inc., over alleged patent infringement issues. Sources close to the case stated that the two parties had reached a settlement and entered into an agreement, in which Illumina agreed to make a one-time payment to Affymetrix of $90 million. In exchange for the payment, Affymetrix granted Illumina a perpetual covenant not to sue for making, using or selling any of Illumina's current products, or products or technologies developed in the next four years. The two companies, which make products used in analyzing genetic information, said they have now agreed to dismiss with prejudice all lawsuits and counterclaims brought against the other. Officials stated that Illumina agreed to the payout without admitting any liability, but to avoid the costs and risks of prolonged litigation.
[CNN NEWS: GENETIC ANALYSIS PATENT]
Published on Jan-12-08
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