MagSil and SAE Magnetics/Headway Resolve Patent Infringement Lawsuit
On TMR technology, but not all HDD makers involved in the case, except Seagate
This is a Press Release edited by StorageNewsletter.com on October 2, 2009 at 3:25 pmMagSil Corporation announced that the litigation between MagSil and Massachusetts Institute of Technology (MIT), on the one hand, and SAE Magnetics (H.K.) Ltd. and Headway Technologies, Inc. (subsidiaries of TDK Corp.), on the other hand, has been satisfactorily resolved by an out of court settlement, and SAE Magnetics and Headway Technologies have received licenses to the patents at issue in the lawsuit.
The litigation, pending in a Federal District Court in Delaware, remains ongoing against several other defendants, including Hitachi Ltd., Western Digital Corporation, and ExcelStor Technology, Inc., among others. In the litigation, the defendants were accused of infringing two patents owned by MIT and exclusively licensed to MagSil, by making and selling hard disk drives or hard disk drive components using Tunneling Magnetoresistive (TMR) technology.
"We are pleased with our settlements with TDK subsidiaries and Seagate Technologies and we look forward to a favorable resolution of our claims against the remaining defendants," said Jay Kamdar, President & CEO of MagSil Corporation. "MagSil has developed breakthrough magnetic memory technology for the next generation of mobile consumer, computing and storage systems. Our intellectual property is important to our business and product commercialization."
MagSil and MIT are represented in the litigation by McKool Smith P.C. and by Morris, Nichols, Arsht & Tunnell LLP.
Read also:
MagSil/MIT and Seagate Resolve Patent Issue
Regarding HDD components using TMR technology
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