Molex and Hon Hai Announce Litigation Settlement.
SANTA CLARA Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Molex Incorporated (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MOLX)(NASDAQ: MOLXA) and Hon Hai Precision Industry Co., Ltd. and Foxconn Electronics, Inc. (collectively, "Hon Hai") announce the settlement of the 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. between them, pending in the United States District Court for the Northern District of Illinois The United States District Court for the Northern District of Illinois is the Federal district court whose jurisdiction comprises the following counties, divided into two divisions: , that included a dispute regarding the scope of a DisplayPort* Standard License Agreement. Neither party has admitted any wrongdoing wrong·do·er
One who does wrong, especially morally or ethically.
wrongdo with respect to the claims and counterclaims asserted in the litigation. As part of the settlement, Hon Hai has been granted a separate, worldwide, royalty-bearing license giving it the right to sell non-standard connectors using the DisplayPort* mating interface, and having a through-hole mounting interface.
No further information is available regarding the terms of the settlement.
About Hon Hai Precision Industry Co., Ltd
Hon Hai Precision Industry Co., Ltd., based in Taiwan, is one of the world's largest contract electronics manufacturers. It manufactures computer, consumer electronics, and communications products, including connectors, cable assemblies, enclosures, flat-panel displays, game consoles, motherboards, and servers. Hon Hai, doing business as Foxconn Technology Group, also provides design engineering and mechanical tooling services.
About Molex Incorporated
Molex Incorporated is a 71-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the company operates 43 manufacturing locations in 18 countries. The Molex website is www.molex.com.
*DisplayPort is a trademark of the Video Electronics Standards Association See VESA.
(body, standard) Video Electronics Standards Association - (VESA) An industry standards organisation created in 1989 or 1990 mostly(?) concerned with IBM compatible personal computers.
Molex is a registered trademark of Molex Incorporated.