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Article: Suit against ADAC dismissed.(News)
- Article from:
- Plastics News
- Article date:
- August 10, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Bregar
A court dismissal has ended a gas-assisted molding patent infringement lawsuit filed earlier this year by two affiliates of Gain Technologies Inc. against automotive molder ADAC Plastics Inc.
ADAC lawyer Thomas Young said Melea Ltd. and Plastic Molded Technologies Inc. first wanted $200,000, but the two sides ended up reaching a settlement that brought the price down below the cost of continuing the litigation.
Young declined to say how much the final settlement was worth, but he blasted Gain Technologies, which is owned by Michael Ladney.
"This is the end of the road for the Gain/Melea patents. I think they're worn ...