Wayne, Pennsylvania-based Teleflex Inc. announced it will purchase privately-held NeoTract Inc. for approximately $1.1 billion. According to the press release, Teleflex will pay NeoTract $725 million when the deal closes and an…
Basil Leaf Technologies recently presented their DxtER device at the 69th AACC Annual Scientific Meeting & Clinical Lab Expo in San Diego. The DxtER device has been compared to the Star Trek medical Tricorder, winning first place in the Qualcomm Tricorder Xprize competition, a global contest inspired by the popular science fiction series.
On August 11, 2017 a northern California federal court permanently enjoined Sealant Systems Int’l (SSI) from selling tire repair kits that infringed TEK Global’s patent.
On August 15, 2017, a federal court in Illinois resolved a damages and fees dispute in a patent infringement case that had raged for nearly eleven years. R-BOC Representatives, Inc. (R-BOC) and Dura-Line Corporation (Dura-Line) were both found to infringe Mr. Minemyer’s patent on plastic pipe couplers (designed to join to pieces of pipe), and both were permanently enjoined from selling infringing couplers.
On August 11, 2017, a Los Angeles jury found that Zazzle, Inc (“Zazzle”) owed Greg Young Publishing Inc. (“GYP”) $460,000 for copyright infringement—a fraction of the maximum statutory damages GYP could have received.
On August 14, 2017, a New York federal court determined that Tiffany and Company and its affiliate (“Tiffany”) were entitled to recover three times Costco’s profits for infringing the “TIFFANY” trademark in selling engagement rings. The total damage award included three times Costco’s profits, amounting to over $11 million, as well as punitive damages of over $8 million.
According to a regenerative medicine article published online on August 07, 2017 in the journal Nature Nanotechnology titled “Topical tissue nano-transfection mediates non-viral stroma reprogramming and rescue”, Researchers at the Ohio…
Newcomer to the luxury cosmetics marketplace, Tatcha LLC (“Tatcha”), recently made a splash by filing a trade dress infringement lawsuit in the Northern District of California against Too Faced Cosmetics LLC (“Too Faced”), a division of Estee Lauder. The trade dress claim is based on alleged similarities in the appearance of the two companies’ lipstick packaging.
For opponents of the 2.3 percent medical device tax, it looked like the repeal/replacement of the Affordable Care Act would alleviate their concerns. However, following the failure of repeal legislation that would have killed off, or delayed, the tax, the tax is on pace to be reinstated on January 1st, 2018 after a two-year gap.
On August 7, 2017, after nearly two-and-a-half years of litigation, an East Texas jury awarded just over $21,000,000 to Elbit Systems of America and its affiliate (“Elbit”). Elbit, an international defense electronics company, sued Hughes Network Systems, LLC (“Hughes”) and several of its customers on January 21, 2015 for infringement of two of its patents.
