Philips takes Moser Baer to Dutch court
Philips had, on a prior occasion also served notices of default under these patent license agreements on the company.
By PTI |
MUMBAI: Leading optical storage manufacturer Moser Baer India, on Monday, said Dutch electronics major Koninklijke Philips Electronics NV has filed a suit against the company in a district court in the Netherlands related to a patent license agreement between the two firms.
Moser Baer said in a filing to the Bombay Stock Exchange that it had received notice from Philips about a suit filed against it in the district court of The Hague, in relation to certain patent license agreements for Compact Discs and Digital Video Disc (DVD) recordable formats executed between the company and Philips.
Philips had, on a prior occasion also served notices of default under these patent license agreements on the company.
Moser Baer had challenged these notices as they substantively relate to a prior contract between Philips and Imation Corporation, under which the company supplies optical media to Imation Corp and its subsidiaries. These notices are under challenge in the High Court of Delhi, it said.
Shares of Moser Baer today settled at Rs 264.15 down 0.56 per cent on the Bombay Stock Exchange.
Moser Baer said in a filing to the Bombay Stock Exchange that it had received notice from Philips about a suit filed against it in the district court of The Hague, in relation to certain patent license agreements for Compact Discs and Digital Video Disc (DVD) recordable formats executed between the company and Philips.
Philips had, on a prior occasion also served notices of default under these patent license agreements on the company.
Moser Baer had challenged these notices as they substantively relate to a prior contract between Philips and Imation Corporation, under which the company supplies optical media to Imation Corp and its subsidiaries. These notices are under challenge in the High Court of Delhi, it said.
Shares of Moser Baer today settled at Rs 264.15 down 0.56 per cent on the Bombay Stock Exchange.
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