Court Upholds Pixl Golf's Position in TaylorMade Lawsuit.Sports Editors/Golf Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Jan. 14, 2003 For the second time since September, a Federal Judge denied Adidas' subsidiary TaylorMade's attempt to dismiss Pixl Golf's claims against TaylorMade. The Orders on September 27, 2002, and December 13, 2002, ruled that Pixl Golf's claims of fraud, 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 confidential information Noun 1. confidential information - an indication of potential opportunity; "he got a tip on the stock market"; "a good lead for a job" steer, tip, wind, hint, lead , breach of confidence, and declaration of inventorship as well as Pixl Golf's claims for 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. must go to a jury for trial. Bob Zider, Pixl's Chairman, said, "Obviously, we are very pleased, but not surprised by this outcome. It has taken over two years to reach this point and now we look forward to a Jury decision. This case is about TaylorMade stealing our technology after working closely with us for over 15 months. We think this is a good time for a Jury trial, given how many regular folks have seen their 401K's destroyed by big corporations' greed and dishonesty. Having taken a chance that Pixl would either never find out about what TaylorMade did, or we would not be willing or able to go the distance in this lawsuit, TaylorMade must now accept the consequences of its actions." Pixl anticipates a trial date will be set soon for sometime in the spring/summer of this year. Pixl President, Art Chou, said, "This decision is very important to Pixl and our customers. We are growing very fast in a stale golf club market because our customers see the value in our technology and find their customers, the golfers, very enthusiastic to Pixl's Clubface club·face n. The surface on the head of a golf club used to strike the ball directly. Dynamics Technology. And we have more technology in the pipeline, such as clubfaces which are temperature compensating to offset the ball stiffness changes at colder temperatures. It is very important for Pixl and our customers, who invest their valuable marketing and sales resources, that our exclusive, patented Pixl technology be protected." Pixl Golf presently offers a full line of putters, wedges and forged blade irons and will be launching its new cavity back A Cavity back golf club refers to a specific kind of golf iron. In a cavity back iron, most of the weight of the clubhead is distributed around the perimeter of the head, creating a "cavity" in the center of the clubhead. cast irons in March. All Pixl products provide superior performance for off-center hits. Pixl has won the "Putter of the Year" and "Wedge of the Year" from PGATour.com and was named the number one wedge for 2002 by RankMark Consumer Survey. Pixl Golf is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . TaylorMade Golf is a subsidiary of Adidas. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion