Business
Cochlear loses final appeal hope in patent infringement case – The Australian Financial Review
Cochlear must fork out $US280 million in damages and $US75 million in legal fees after exhausting all of its appeal options in a patent infringement case.
Hearing implant maker Cochlear has lost its final chance to appeal the hefty $US268 million ($356.5 million) of damages it has been ordered to pay two US research institutions due to patent infringement violations.
On Tuesday, it announced the US Supreme Court had denied its petition for a review of the US Federal Circuit Court’s decision to uphold the damages against it as a result of a lawsuit by the Alfred E. Mann Foundation for Scientific Research and Advanced Bionics.
Cochlear boss Dig Howitt…
-
Noosa News23 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership
-
General23 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
General12 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania
-
Noosa News15 hours agoNew playground equipment encourages children to learn through ‘risky play’