Tags: Masimo | Patent | Verdict | Philips

Masimo Wins $466 Million Patent Verdict against Philips

Wednesday, 01 Oct 2014 06:17 PM

Royal Philips NV was handed a $466 million defeat by jurors who decided the world’s largest lighting company should pay Masimo Corp. for infringing patents covering technology used in fingertip devices that measure blood oxygen and pulse rates using light absorption.

The jury award is the third-largest in the U.S. so far in 2014, according to data compiled by Bloomberg.

Shares of Masimo, which had sought $650 million, surged as much as 16 percent Wednesday  to $24.83 on news of the verdict and closed up 13 percent at $24.02. Royal Philips fell 2 percent to $31.02 in New York trading.

Royal Philips claimed during the two-week trial in Wilmington, Delaware, that while it does use the inventions for pulse oximeters, the patents aren’t valid and no damages are warranted. The eight jurors disagreed.

The jury also decided that Masimo didn’t infringe a Royal Philips patent.

‘Entire Industry’

“The entire industry respects our patents,” lawyer Joseph Re, representing Masimo, told jurors during a two-week trial.

“Should Masimo get $651 million for something it didn’t invent?” Philips lawyer Brian Rosenthal said to the jury. “It’s Philips’s invention.”

Masimo sued an Andover, Massachusetts, subdivision of Amsterdam-based Royal Philips in 2009, claiming it was wrongly importing the oximeters in violation of the two U.S. patents.

‘It Infringed’

“Philips agrees that it infringed,” U.S. District Judge Leonard P. Stark said in court papers. The company claimed the patents are invalid because they weren’t properly written and the technology is obvious, the judge said.

Dana Banks, a spokeswoman for Masimo, and Rachel Bloom- Baglin, a spokeswoman for Philips, didn’t immediately respond to requests seeking comment on the verdict.

The Masimo patents are 6,263,222 and 7,215,984. The Philips patent is 6,725,074.

The case is Masimo Corp. v. Philips Electronics North America Corp., 1:09-cv-00080, U.S. District Court, District of Delaware (Wilmington).

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Companies
Royal Philips NV was handed a $466 million defeat by jurors who decided the world's largest lighting company should pay Masimo Corp. for infringing patents covering technology used in fingertip devices that measure blood oxygen and pulse rates using light absorption.
Masimo, Patent, Verdict, Philips
303
2014-17-01
Wednesday, 01 Oct 2014 06:17 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved