Friday, August 17, 2012

A patent worth hundreds of millions of dollars?

from Intellectual Property Today in 2002:

On April 11, the Associated Press reported that the federal government has admitted infringing an Exxon Mobil Corp. petroleum patent and agreed to pay the oil company
$ 2,583. The AP report noted that Justice Department spokesman Charles Miller said Exxon Mobil had claimed that

the patent was worth hundreds of millions of dollars and quoted Miller that the settlement amount, which was disclosed by the government but not by Exxon Mobil, "speaks for itself." The litigation was reported at 54 USPQ2d 1519 (Ct. Cl. 2000), reversed by the Federal Circuit at 265 F.3d 1371, 60 USPQ2d 1272 (CAFC 2001). n7

n7 For related legal issues, see also System Management v. Avesta, 137 F. Supp.2d 382 (SDNY 2001) and Union Pacific v. Chesapeake, 236 F.3d 684, 57 USPQ2d 1293 (CAFC 2001).

Article: Johnson & Johnston: Disclosed, Never Claimed, Public Domain


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