Brief: French company Manitou ordered by court to pay JCB 150,000 euros; Manitou will continue to defend itself vs JCB

Manitou Bf SA

01/03/2021 07:04

March 1 (Reuters) - Manitou BF SA  MANP.PA :
    * MANITOU BF: PATENT INFRINGEMENT LITIGATION
    * FRENCH TRIBUNAL  INVALIDATED MOST OF THE CLAIMS OF THE
FRENCH
PART OF THE SECOND PATENT HELD BY JCB, IN LEGAL SPAT BETWEEN JCB
AND MANITOU BF
    * COURT ORDERED MANITOU BF TO PAY THE PLAINTIFF THE TOTAL
SUM OF
150,000 EUROS FOR THE LOSS SUFFERED, REJECTING THE CLAIM OF JCB,
WHICH WAS CLAIMING A LOSS OF 190 MILLION EURO
    * COURT'S DECISION REINFORCES THE POSITION OF MANITOU, WHICH
HAS
ALWAYS CONTESTED THE MERITS OF THE PLAINTIFF'S ACTION AND THE
DISPROPORTIONATE NATURE OF ITS CLAIMS
    * GROUP WILL CONTINUE TO FIRMLY DEFEND ITSELF AGAINST
INFRINGEMENT
ALLEGATIONS OF THREE PATENTS CLAIMED BY JCB


Further company coverage:  MANP.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))