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Morning Market Snapshot: August 5, 2010: Microsoft Settles Patent Infringement Cases with Salesforce

Good Morning. It’s Thursday, August 5, 2010. At this hour, US equity futures are higher. Overseas, the Asian markets advanced, while the European markets are up. Microsoft (MSFT) announced that it settled the patent infringement cases brought by Microsoft before the US District Court for the Western District of Washington and by Salesforce.com (CRM) in [...]

Judge Rules Pfizer Patent on Heartburn Drug Protonix Valid; Paving Way for Damages Claims

Shares of Pfizer Inc. (PFE) are higher in morning trading as a US district court upheld a patent on Pfizer Inc.’s heartburn drug Protonix, which paves the way for Pfizer and Nycomed, its partner, to seek damages from Teva Pharmaceutical Industries (TEVA) and Sun Pharmaceutical Industries, the Associated Press reports. Pfizer shares are up 0.69%, [...]

ITT Corporation settles patent litigation with Motorola

ITT Corporation (ITT) announced that it has reached a settlement agreement with Motorola (MOT) regarding ITT’s patent infringement claim for assisted-Global Positioning System technology. The settlement agreement is expected to resolve all issues between the companies regarding ITT’s claim that Motorola mobile devices incorporating assisted-GPS technology infringed ITT’s patent rights. Details of the settlement will [...]

News Update: Shire Files Patent Infringement Suit Against Cadila Healthcare, Zydus

Jul 8, 2010 — Shire (SHPGY) has filed a lawsuit in the US District Court for the District of Delaware against Cadila Healthcare Limited, doing business as Zydus Cadila and Zydus Pharmaceuticals. The suit was filed as a result of an Abbreviated New Drug Application filed by Zydus seeking FDA approval to market and sell [...]

News Update: Staples Slips About 1.5%, Denied Summary Judgment in Patent Infringement Case

Staples (SPLS) is down after a federal court judge ruled against the company in an on-going patent infringement lawsuit filed by PaperPro over Staples One Touch staplers. The court denied SPLS’ motion for summary judgment in the patent infringement portions of the lawsuit filed against it by PaperPro. As a result of this ruling, a [...]