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  • dolphinooo dolphinooo Oct 24, 2013 11:00 PM Flag

    Ricoh to pay Kodak $76M to settle patent fight

    LOL ... Nice timing ... after everyone was screwed ...

    "... Japanese electronics giant Ricoh Co. Ltd. has agreed to pay Eastman Kodak Co. nearly $76 million to settle a legal dispute over patent licenses and royalties.

    Rochester-based Kodak sued Ricoh in April 2012, claiming that Ricoh was stiffing it on royalty payments due from its use of Kodak patents.


    Kodak sold its portfolio of roughly 1,100 digital imaging patents in 2012 as part of its Chapter 11 bankruptcy.

    However, the Ricoh settlement money will go to to it and not the new owners of the patents since Kodak owned them during the nine years between Ricoh first signing a licensing agreement and its Pentax takeover, Veronda said. ..."

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