Nano Gets No More Damages from Canon in Panel Suit

May 05, 2007

A U.S. court rules Canon does not have to pay additional damages to Nano-Proprietary over the violation of a patent license used to develop a new kind of flat-panel display.

The jury, in a verdict on Thursday, decided the Texas-based technology firm was due no further compensation beyond what it had already received because it was hard to assess damages when the product had not yet been launched, Nano said in a statement.

The lawsuit, brought by Nano-Proprietary, had delayed Canon's ambition to challenge makers such as Samsung Electronics in a competitive $84 billion flat-panel TV market.

The court had ruled earlier that Nano was entitled to scrap its original license deal that allowed Canon to use Nano's display technology, after the Japanese electronics maker tried to share the license with its partner Toshiba Corp.

The judgment also allowed Nano to keep the $5.5 million purchase price of the license.

"While we are disappointed by the jury's verdict, we need to keep in mind that we already had the most important victory in the case when the Court validated our termination of Canon's license as a result of their material breach of the contract," said Nano's Chief Executive Tom Bijou in a press release.

Canon said in a press release it planned to appeal against the previous judgment that it had breached the license deal.

Copyright 2007 by Ziff Davis Media, Distributed by United Press International

Explore further: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

China's Xiaomi raises more than $1 bn in funding

20 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.