Court Enters Final Judgment
Boxborough, MA - SynQor today announced that the Federal Court for the Eastern
District of Texas has entered final judgment in the matter
SynQor, Inc. v. Artesyn Technologies, Inc., et al., Civil Action No.
2:07-CV-497-TJW-CE. [click here to see the document]
In this action SynQor brought suit against eleven of the largest industry
suppliers of unregulated and semi-regulated bus converters used in Intermediate
Bus Architecture applications. SynQor alleged that each of these
eleven competitors were infringing one or more of five patents owned by
SynQor. In December 2010, a jury agreed and awarded SynQor more than
$95M in damages. That amount was later supplemented by an additional
damage award of more than $17M. In entering final judgment on August
18, the Court also awarded SynQor more than $1.45M in pre-judgment interest,
awarded post-judgement interest at the statutory rate and denied the
defendants' many motions seeking to set aside the jury verdict. [click
here to access the motions]
The defendants in the case are Artesyn Technologies,
Inc., Astec America, Inc., Bel Fuse Inc., Cherokee International Corp., Delta
Electronics, Inc., Delta Products Corp., Lineage Power Corp., Murata Elec.
North America, Inc., Murata Manufacturing Co., Ltd., Murata Power Solutions
Inc., and Power-One, Inc.
SynQor's patents at issue in the lawsuit are U.S.
Patent Nos. 7,072,190, 7,272,021, 7,558,083, 7,564,702 and 7,269,034.
SynQor President and Chief Executive Officer, Dr.
Martin F. Schlecht, commented: "We are very pleased that the Court upheld the
jury verdict and denied the defendants' requests for a new trial and other
post-trial motions. We are confident that this award will also be
upheld in the event of any appeal."
Inquiries concerning the foregoing should be directed
to Arthur R. Hofmann, Jr., SynQor's Executive Vice President and General
<< Back to Press Release Page