S.Korea's Mando denies it violated Bosch auto parts patents

HL Mando

30/09/2016 09:37

SEOUL, Sept 30 (Reuters) - South Korean automotive parts 
supplier Mando Corp  204320.KS  on Friday denied German peer 
Robert Bosch GmbH's assertions in a U.S. lawsuit that Mando had 
infringed on Bosch patents and said it plans to "respond 
legally" to the suit.  
    "Our technical review showed that we have never violated the 
patents (of Bosch)," Mando said in a filing with South Korea's 
stock exchange.  
    Bosch on Thursday lodged a lawsuit at the United States 
District Court for the Eastern District of Michigan against 
Mando alleging infringement of four of its patents.  
    Shares in Mando tumbled 13 percent in Seoul on Friday to 
their lowest levels in more than two months.  urn:newsml:reuters.com:*:nL3N1C62R4  
 
 (Reporting by Hyunjoo Jin; Editing by Kenneth Maxwell) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: MANDO CORP BOSCH/PATENTS