Attorneys Fees Granted To Magnetar Technologies In Patent Suit Against Intamin, Ltd.
Magnetar Technologies Corp. announced today that Judge Gary Allen Feess of the United States District Court for the Central District of California has ordered Intamin, Ltd. to pay Magnetar $779,100 in attorneys’ fees and $40,545 in other expenses for a total award of $819,645.
This recent ruling follows a May 2009 order from Judge Feess that granted Magnetar’s motion for summary judgment of patent non-infringement, invalidity and unclean hands in the long-standing patent case between Magnetar and Intamin in U.S. District Court, Central District of California (Docket No. CV 04-0511 GAF (JWJx)). The case is a patent dispute relating to magnetic brakes used on roller coasters.
“The Court’s earlier ruling demonstrated that Intamin’s case wholly lacked merit and that Intamin engaged in misconduct in falsifying ownership documents relating to the asserted patent,” said John B. Sganga of Knobbe Martens Olson & Bear, LLP, litigation counsel for Magnetar. “Faced with such exceptional circumstances, the attorney fees award was both reasonable and warranted. We are very pleased by this result.”
About Magnetar Technologies
Magnetar Technologies Corp. was founded in 1997 to develop and promote advanced safety technology for amusement rides. Magnetar focuses on magnetic brake systems, and its Soft Stop® Magnetic Brakes define the state of the art in safety and reliability. Magnetic brakes are very effective and require no power or control system to operate. They operate without contact between moving parts, making them more reliable and durable than conventional friction brakes, and making the cost of operating and maintaining them practically zero.
About Knobbe, Martens, Olson & Bear, LLP
Knobbe Martens Olson & Bear, LLP has over 260 lawyers firm-wide and dedicates its practice to intellectual property law. The firm serves a diverse group of clients from multinational corporations to emerging businesses. The firm is headquartered in Orange County, California and has offices in Washington D.C., San Diego, Los Angeles, San Francisco, Seattle, and Riverside. Knobbe Martens also enjoys an international reputation for excellence. More information about the firm can be found at www.knobbe.com.