Tokyo Electron Wins Permanent Injunction and Court Upholds Damages Award in Piracy Lawsuit.AUSTIN, Texas -- Tokyo Electron (TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom ), announced Tuesday that Tokyo Electron Arizona (TAZ taz - tgz ) has secured a permanent injunction permanent injunction n. a final order of a court that a person or entity refrain from certain activities permanently or take certain actions (usually to correct a nuisance) until completed. in the United States District Court for the Eastern District of New York EDNY redirects here, for other uses see EDNY (disambiguation). The United States District Court for the Eastern District of New York is the federal district court whose jurisdiction comprises the entirety of Long Island (including the portion in New York City) and Staten against Discreet Industries Corporation, and its president, Ovadia Meron, barring Discreet and Meron from using TAZ's trade secrets or the technical drawings Discreet illegally copied from TAZ's drawings for all of the 266 replacement parts at issue in the case. The injunction covers all persons associated with Meron and Discreet in their unlawful conduct, including the various shell corporations Meron used to conceal his activities. In addition, Meron and Discreet were ordered to surrender any and all of TAZ and Metron Technology's technical drawings they possess. Metron purchased the Eclipse product line from TAZ in 2003. Discreet had asked the Court to throw out the jury's verdict or otherwise reduce the damages award. The Court rejected that motion, upholding the jury's verdict of $9,900,000 in compensatory and 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. against Meron and Discreet in every respect, and is also allowing TAZ to recover its legal fees in prosecuting the action against Discreet and Meron. The jury rendered its verdict on April 1, 2004, awarding TAZ $6,300,000 in compensatory damages and $3,600,000 against Discreet and Meron personally for what the Court determined was "egregious conduct involving protracted pro·tract tr.v. pro·tract·ed, pro·tract·ing, pro·tracts 1. To draw out or lengthen in time; prolong: disputants who needlessly protracted the negotiations. 2. trickery and deceit." "TEL is very pleased that the Court has agreed that this was an outrageous act of piracy by upholding the jury award and granting a permanent injunction against this piracy. TEL is actively pursuing pirates worldwide in a campaign to stop the pirating of our intellectual property, including recent successes against pirates through the Korean judicial system. TEL will continue to identify and prosecute companies pirating our parts and equipment to prevent the loss of any value of our intellectual property and any potential quality and safety hazards caused by non-qualified parts," said Zoltan Papp, TEL vice president, global legal & intellectual property. About TEL TEL, established in 1963, is a leading supplier of innovative semiconductor and FPD (1) (Flat Panel Display) See LCD, plasma display, EL display, FED and flat panel display. (2) (Field Programmable Device) An umbrella term for all chips that can be programmed by the customer including SPLDs, CPLDs and FPGAs. See PLD. production equipment worldwide. In Japan, TEL also distributes computer network related products and electronic components of global leading suppliers. To support this diverse product base, TEL has strategically located around the world. TEL is a publicly held company listed on the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. . www.tel.com |
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