Avant! Corporation Denies Cadence Charges, Will Defend Complaint Vigorously.SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 7, 1995--Avant! Corporation stated that on December 6, 1995, the Company was served with a civil complaint filed by Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Inc. The complaint was filed in U.S. District Court, Northern District of California, and names Avant!, Gerald C. Hsu, the company's president and chief executive officer, as well as two employees of the company. The complaint alleges copyright infringement Noun 1. copyright infringement - a violation of the rights secured by a copyright infringement of copyright plagiarisation, plagiarization, piracy, plagiarism - the act of plagiarizing; taking someone's words or ideas as if they were your own , unfair competition, and misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of trade secrets as well as other claims. The claims are based upon allegations by Cadence that Avant! improperly used computer code belonging to Cadence in Avant! products. Relief sought under the complaint includes an injunction against Avant! from further use of any Cadence code as well as monetary damages Monetary damages, in civil law, refers to compensation given to an injured party by a liable party. Monetary damages may be restitution, a penalty, or both. including any profit obtained by use of such code. The complaint also seeks punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. . Avant! denies all charges made in the complaint and will defend the complaint vigorously. Avant! Corporation (Nasdaq:AVNT) develops, markets, and supports integrated circuit design automation (ICDA ICDA abbr. International Classification of Diseases, Adapted for Use in the United States ) software for deep submicron integrated circuits (ICs), microprocessors, microcontrollers, application-specific standard products (ASSPs), and complex application-specific integrated circuits (ASICs). Company headquarters are located in Sunnyvale, California, telephone (408) 738-8881. CONTACT: Avant! Corporation Lois DuBois, 408/523-8857 or fax, 408/738-8508 email: lois_dubois@avanticorp.com |
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