Honeywell’s ring laser gyroscope (RLG) system was at the heart of a patent lawsuit regarding the special optical coatings applied to mirrors inside the inertial guidance system. In 1990 Litton Industries, who Honeywell had just won a $400,000 settlement from, sued Honeywell for $2 billion. The lawsuit was both for patent claims and alleged unfair business practices that led to Honeywell's monopolization of the RLG market. Later Litton increased the claim to $6 billion on the basis patent infringement was willfull. If successful, it would have been the largest patent victory in history. However, a jury only ruled in favor for $234 million in damages, which was overruled by a US District Court, saying the patent was unenforceable because it was an obvious combination of pre-existing technologies.
After 11 years of legal battles from 1990-2001, just before going to another round of appeals, the companies agreed to settle for $440 million to end the long dispute Honeywell called "time-consuming and distracting."
Other articles related to "legal settlement, legal, settlement":
... The four-year legal battle by the family of Jean Charles de Menezes ended when they reached a settlement with Scotland Yard ... to pay compensation to the family, and in return the relatives of Menezes agreed to end their legal action ... The sum of money involved in the settlement is believed to be just over £100,000 in addition the family's substantial legal costs were paid ...
... On 19 January 2006 a settlement was reached between the Government of Bolivia (then under the Presidency of Eduardo Rodriguez Veltze) and Aguas del Tunari ...
Famous quotes containing the words settlement and/or legal:
“Free from public debt, at peace with all the world, and with no complicated interests to consult in our intercourse with foreign powers, the present may be hailed as the epoch in our history the most favorable for the settlement of those principles in our domestic policy which shall be best calculated to give stability to our Republic and secure the blessings of freedom to our citizens.”
—Andrew Jackson (17671845)
“We should stop looking to law to provide the final answer.... Law cannot save us from ourselves.... We have to go out and try to accomplish our goals and resolve disagreements by doing what we think is right. That energy and resourcefulness, not millions of legal cubicles, is what was great about America. Let judgment and personal conviction be important again.”
—Philip K. Howard, U.S. lawyer. The Death of Common Sense: How Law Is Suffocating America, pp. 186-87, Random House (1994)