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U.S. jury rejects fraud claims against Canon

Posted: 08 May 2007     Print Version  Bookmark and Share

Keywords:Canon-Nano patent dispute  SED TV 

Canon reported the dismissal of Nano-Proprietary Inc.'s fraud claims against the company. "The US jury dismissed all claims against Canon USA involving a patent licence for developing surface-conduction electron-emitter display (SED) TVs. The jury also returned a verdict that Nano-Proprietary had sustained no damages regarding the complaint," said the company.

The company said that the jury has also returned a verdict that Nano-Proprietary had sustained no damages regarding the complaint and dismissed all claims against Canon USA, added the company.

"While we are disappointed by the jury's verdict, we need to keep in mind that we already had the most important victory in the case when the Court validated our termination of Canon's licence as a result of their material breach of the contract," said Nano's CEO Tom Bijou in a Reuters report.

In an earlier court ruling, Nano-Proprietary was entitled to dismiss its original licence deal with Canon, after Canon reportedly tried to share the licence with Toshiba Corp., its supposedly venture partner for the development of SED TVs.

Meanwhile, Canon announced plans to appeal the court's previous determination that Canon had breached the patent licence agreement between the companies, terminating that agreement and allowing Nano-Proprietary to retain the original Rs.23.25 crore ($5.5 million) purchase price for that licence.

In January, the patent dispute reportedly lead to thebreak-up of Canon's SED Inc. joint venture with Toshiba, which was seen as a countermeasure to the patent litigation.

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