Bloomberg reports that Hyundai Motor Co. and Kia Motors Corp. were told to pay Paice LLC $28.9 million after a federal jury said the South Korean carmakers infringed patents related to hybrid engines. The jury on Thursday, October 1 rejected arguments by Hyundai and Kia that the patents owned by Paice LLC were invalid, and instead found the infringement was intentional.…
Both the Ford Motor Co. and Toyota Motor Corp. have signed off on settlement with Paice LLC in a contentious patent dispute over hybrid technology. Paice had charged both Ford and Toyota with violating a specific patent that it had owned since 1992. If the supplier’s suit had gone forward, it left open the possibility that the makers might have…
PRESS RELEASE | JULY 19, 2010 WASHINGTON, DC – Toyota Motor and Paice LLC have entered into an agreement to settle the patent disputes between them. The terms of the agreement are confidential. All lawsuits between the companies will be dismissed. “I am happy that Toyota and Paice came to an amicable resolution on the use of my power-assisted engine…
Toyota Motor Corp. said Monday it has settled a years-long dispute with a U.S. company that had claimed the Japanese automaker used its technology without permission in its hybrids. The deal ends a squabble that had briefly threatened to block the Prius from being sold in the U.S. Toyota and Paice LLC said they have settled their patent dispute and…
Toyota Motor Corp., the world’s biggest automaker, settled a patent-infringement dispute that had threatened U.S. imports of its newest hybrid vehicles, including the Prius. The agreement with Paice LLC, ending six years of litigation, was announced today as a hearing was to begin on a claim against Toyota before the U.S. International Trade Commission in Washington. Terms weren’t disclosed and lawsuits…
On a scorching summer day during the 1979 oil crisis, Alex Severinsky, a Soviet refugee, sat for 45 minutes in a sweltering Oldsmobile Cutlass, waiting for the chance to buy gasoline in Dallas. “I’m thinking to myself, in Moscow I’d wait in line in temperatures that were minus 20 to 30 degrees Centigrade for food. Here I’m doing the same…
As if Toyota did not have enough on its plate with a series of damaging recalls, the Japanese carmaker is embroiled in a long-running patent-infringement dispute in the US involving a key part of the technology that drives its hybrid petrol-electric vehicles. The dispute will come to a head on April 19 when the US International Trade Commission hears an application…
A U.S. trade panel that hears patent disputes said it would investigate allegations that Toyota Motor Corp, the world’s largest automaker, infringed patented technology to make its popular hybrid vehicles. The U.S. International Trade Commission said on Tuesday that Paice LLC, based in Bonita Springs, Florida, had asked it to order Japan’s Toyota to stop using the infringing technology to make…
Toyota Motor Corp., the world’s biggest seller of autos powered by a combination of gasoline and electricity, faces a patent-infringement claim that may result in a U.S. import ban on its Prius and other hybrid models. Closely held Paice LLC filed a complaint yesterday with the U.S. International Trade Commission in Washington, claiming Toyota is infringing its patent. The company seeks an order to ban imports…