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Law360 – SMC Settles Out of Finoc Lawsuit

June 10, 2009 by in News

Finoc Design Consulting Oy has settled claims that SMC Networks Inc. infringed a patent for broadband data transmission technology, leaving the suit with only six of the 15 companies the Finnish electronics firm originally sued.

Judge Leonard Davis of the U.S. District Court for the Eastern District of Texas signed off on the bid to dismiss SMC from the suit with prejudice on Tuesday after the two sides told the court they had settled the entire dispute between them.

Both sides are to pay their own costs and attorneys’ fees. The terms of the settlement remain confidential, according to SMC attorney Richard Vasquez, who said his client was happy with the settlement. Read more