General Patent Corporation settles patent infringement lawsuit filed by its subsidiary, LaserDynamics, LLC, against Haier America Trading, LLC, with Haier taking a license for U.S. Patent No. 5,587,981.
April 10, 2014 (Newswire.com) - General Patent Corporation (GPC), a leading patent licensing and IP management firm, announced today on behalf of its subsidiary, LaserDynamics, LLC, that it settled a patent infringement lawsuit against Haier America Trading, LLC of New York, N. Y. (Haier).
As a result of the settlement, Haier has licensed LaserDynamics' U.S. Patent No. 5,587,981 (the '981 Patent), which relates generally to methods for discriminating between different types of optical disks. The '981 Patent has already been licensed to many well-known electronics and optical disc drive manufacturers.
"We are pleased to have reached an amicable resolution of this case," said Anthony Amaral, Jr., Chief IP Counsel of General Patent Corporation.
This settlement resolves claims against Haier in LaserDynamics, LLC v. Haier America Trading, LLC (1:13-CIV-09221) filed in the U.S. District Court for the Southern District of New York on December 31, 2013. LaserDynamics was represented by New York-based law firm Kroub, Silbersher and Kolmykov PLLC.
About General Patent Corporation
General Patent Corporation, headquartered in Suffern, N.Y., is a leading intellectual property boutique focusing on patent licensing and IP management. GPC represents inventors, small companies, universities and other patent owners in patent assertion matters. GPC also provides IP-related services as IP strategy and management, IP valuation and patent brokerage. Founded in 1987, GPC is the oldest patent monetization firm in the U.S. and is the manager of LaserDynamics LLC. For more information, visit www.GeneralPatent.com.
About LaserDynamics LLC
LaserDynamics, LLC owns and licenses U.S. Patent No. 5,587,981 "Multi-Standard Optical Disk Reading Method Having Distinction Process." LaserDynamics is a wholly-owned subsidiary of Kamatani Technologies LLC which is a subsidiary of, and is managed by, General Patent Corporation. A non-exclusive license under this patent is available on fair, reasonable and non-discriminatory terms. For licensing terms, please contact Anthony Amaral at (845) 368-4000 x110. For more information on LaserDynamics LLC visit www.laserdynamicsllc.com.