Patent Infringement

New York, NY: (Feb-21-08) K.W. Muth Company, Inc., Muth Company LLC, Muth Glass Technologies LLC and Muth Mirror Systems LLC brought charges against Gentex Corporation, the Zeeland, Michigan-based manufacturer of automatic dimming rearview mirrors and commercial fire protection products, alleging patent infringements and breach of contract. Sources close to the case stated that as part of a settlement reached, Gentex Corporation agreed to resolve the dispute by paying for damages related to breach of contract at a reduced amount of $2,550,000, compared with the original $2,885,000 judgment originally entered by the Court. Additionally, under the deal, the parties agreed to grant the other party a ten-year covenant not to sue for each company's core business, to release each other from all claims that occurred in the past, and not appeal the Court's rulings. [MNS NEWS: MUTH PATENT]

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Published on Feb-22-08