Hartalega Holdings Bhd has succeeded in getting an alleged patent infringement suit filed by Tillotson Corp dismissed.
In an announcement to Bursa yesterday, Hartalega said its lawyers had on Tuesday informed the company that the US District Court Northern District of Georgia had on June 25 granted an order for dismissal of the “Georgia Suit”.
Hartalega and its related companies, Hartalega Sdn Bhd and Pharmatex USA Inc, were among the defendents of the the suit that included other Malaysian glove makers.
The suit relates to a patent infringement complaint originally filed in May 2007 by Tillotson against a total of 12 glove makers using nitrile glove technology.
On Dec 14, 2009, the US Court of Appeals for the federal circuit had ruled that the Tillotson patent was invalid, upholding an earlier US International Trade Commission decision.
Hartalega said its board was “of the view that this order for the dismissal of the Georgia suit does not give rise to any material or adverse impact to the financial performance and net asset value of the company and the group”.
Top Glove Corporation Bhd had on Tuesday announced an out-of-court settlement with US-based Tillotson.
This article appeared in The Edge Financial Daily, July 8, 2010.
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*The Most Essential Lesson for all Investors - Koon Yew Yin *
*Author: Koon Yew Yin | Publish date: Sat, 21 Nov 2015, 11:02 AM *
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