Kaiam Stipulates to $10 Million Judgment in Patent-Infringement Case
Finisar alleged that Kaiam’s optoelectronic transceivers infringed 13 of Finisar’s patents. Optoelectronic transceivers provide electrical-to-optical conversion, and vice versa, used to communicate over fiber optic cables. The asserted patents claim digital diagnostics technology that monitors the transceivers in real time.
Kaiam fell into financial hardship after Finisar sued and, in January 2019, made a general assignment for the benefit of creditors. The Assignee intervened in the case, and Kaiam stipulated to a $10 million judgment. Finisar agreed to accept an unsecured claim in the assignment of Kaiam’s estate as complete satisfaction of its claims in the case. Finisar, however, reserved its rights to enforce unpaid portions of the judgment against Kaiam if the Assignee does not fully satisfy the judgment.
The case is Finisar Corp. v. Kaiam Corp., Case No. 3:18-cv-01070-RS (N.D. Cal.)