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Apple on Tuesday expanded its line of attack against its partner Qualcomm, arguing the San Diego-based chipmaker has no right to require Apple to pay to license its technology, before paying again to buy its chips. In a new court filing, Apple’s lawyers cited a U.S. Supreme Court ruling earlier this year against printer cartridge maker Lexmark, which attempted to sue third-party companies that refill used Lexmark printer cartridges. In a 7-1 ruling, the Justices said Lexmark could choose to make money by selling the cartridges, or licensing the technology, but not both: As soon as a Lexmark cartridge gets sold, the company can’t dictate how people use it.
Rating Action: Moody's assigns B2 rating to Kofax. Global Credit Research- 09 Jun 2017. $565 million of debt affected.
A U.S. Supreme Court ruling in a patent-rights case could have wide-reaching effects into multiple industries, including medical-device manufacturing, pharmaceuticals, auto parts and agriculture. In the case, Lexmark International of Lexington, Kentucky, accused Impression Products of Charleston, West Virginia, of infringing on patents because part of Impression’s business involves refilling and selling Lexmark’s toner cartridges.