Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

In Brief: Fonar v. GE

This article was originally published in The Gray Sheet

Executive Summary

Fonar v. GE: U.S. Supreme Court denies a General Electric petition for writ of certiori requesting high court review of Fonar claims that GE infringes two Fonar patents covering magnetic resonance imaging technology. The ruling follows a May 27 high court decision to deny a GE request to stay a May 1995 jury finding in the case, which had resulted in a $103 mil. award (plus interest) to Fonar. The decision forced GE to pay Fonar $128.7 mil. ("The Gray Sheet" July 7, In Brief). GE sought the temporary stay following a ruling by the U.S. Court of Appeals for the Federal Circuit of Washington, D.C. denying a GE petition for a rehearing after the appeals court upheld the initial May 1995 ruling. GE, prior to the high court's ruling, discontinued sales of products found to infringe Fonar patents. Fonar reports Oct. 15 that the GE payment helped Fonar fiscal 1996 year-end earnings climb from a loss of $11.4 mil. in 1996 to net income of $56.1 mil. in 1997. Revenues for the year (ended June 30) were $17.6 mil., up 27% versus $13.9 mil. in FY 1996...
Advertisement
Advertisement
UsernamePublicRestriction

Register

MT008980

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel