Brita Wins P&G Lawsuit.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--Oct. 1, 2001 The Brita Products Company today announced that a unanimous jury decision was reached in the U.S. District Court in Minneapolis, finding that the filter replacement indicator for Brita's pour-through system does not infringe a patent owned by Procter & Gamble. "We're gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the outcome of this case," said Brita Vice President and General Manager Scott Weiss. "Successfully defending Brita's products is important to maintaining our strong leadership position in the water-filtration category." The Brita Products Company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Clorox Company. The Clorox Company (NYSE NYSE See: New York Stock Exchange : CLX) (PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. : CLX) is a $3.9 billion, multinational manufacturer and marketer of household products and products for institutional markets. Except for historical information, matters discussed above, including statements about future growth, profitability, costs or expectations, are forward-looking statements based on management's estimates, assumptions and projections. Important factors that could cause results to differ materially from management's expectations are described in "Forward-Looking Statements and Risk Factors" and "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operation" in the company's SEC Form 10-K for the year ending June 30, 2001, as updated from time to time in the company's SEC filings. Those factors include, but are not limited to, marketplace conditions and events, the company's costs, risks inherent in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. or international operations, the success of new products, integration of acquisitions, and environmental, regulatory and intellectual property matters. |
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