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Farrel was awarded $7.3 million in a court settlement with Pomini of Castellanza, Italy and its U.S. subsidiary. The Farrel suit claimed that Pomini illegally used Farrel's technology, designs and drawings to sell competing products in global markets after a trademark and technology license between the companies expired in 1985. In its findings, the International Court of Arbitration in Paris said that Pomini could no longer claim that its machine components, including batch and continuous mixers, were interchangeable with genuine Fartel-designed parts. Following the ruling, Pomini commented: "While Farrel is trying to make this appear as a victory, the fact is that Pomini achieved the result it sought from the arbitration." Pomini says Fan'el failed to convince arbitrators that Pomini should be barred from competing with Fartel in the internal mixer market. As a result, Pomini is free to continue to use all of its technology in world-wide competition with Fartel. Farrel is now pursuing claims against Pomini in an investigation into unfair imports that is pending before the International Trade Commission in Washington, D.C.
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Title Annotation:Corporate, Financial News
Publication:Rubber World
Article Type:Brief Article
Date:Oct 1, 1992
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