LaserMax, Inc. (“LaserMax”) and Crimson Trace Corp. (“Crimson Trace”) recently settled a patent infringement case filed in January 2009 related to four patents for laser sighting devices for firearms asserted by Crimson Trace. Public terms of the settlement include a finding of no liability on the part of LaserMax, LaserMax pays no money to Crimson Trace, and Crimson Trace grants LaserMax royalty-free licenses in three of the originally asserted patents. The U.S. District Court for the District of Oregon also ordered $10,000 in sanctions against Crimson Trace. The fourth and remaining patent-at-issue was withdrawn from the suit, and, prior to settlement, LaserMax was granted a covenant by Crimson Trace that it would not be sued on that patent. The district court case is no. 3:2009cv00057.
(Source: The Shooting Wire)