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IMMC1990

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IMMC1990

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Friday, 06/22/2018 10:50:36 AM

Friday, June 22, 2018 10:50:36 AM

Post# of 432567
U.S. Supreme Court backs Schlumberger on overseas patent damages.

WASHINGTON, June 22 (Reuters) - The U.S. Supreme Court ruled on Friday that companies can recover profits lost due to the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.

The decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum that rival ION Geophysical Corp had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor.

https://www.nasdaq.com/article/us-supreme-court-backs-schlumberger-on-overseas-patent-damages-20180622-00356
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