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February 15, 2013
15:54 EDTPKEPark Electrochemical and Isola settle patent dispute
Isola USA Corp. and Park Electrochemical (PKE) announced that they have entered into an agreement to settle all pending litigation between the parties related to Isola's patents for the use of Styrene Maleic Anhydride in laminates. The settlement agreement will result in the dismissal of the patent infringement lawsuit that Isola USA filed against Park and its subsidiaries, Nelco Products and Neltec in the United States District Court for the District of Arizona on June 26, 2012. The terms of the settlement were not disclosed; however, Park, Nelco and Neltec agreed to refrain from challenging the validity or enforceability of any of Isola's SMA patents. In the settlement, neither party admitted any liability or wrongdoing.
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