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August 7, 2014
10:20 EDTTYCTyco settles patent litigation with Ningbo
Tyco announced the resolution of pending litigation with Ningbo Signatronic Technologies. Under a settlement agreement resolving both the ITC and District Court actions, the parties have agreed that Ningbo will withdraw from the United States certain EAS label models that use these patents, and make an unspecified payment to Tyco. Consent agreements memorializing the resolution will be filed in both the ITC and District Court actions, and both actions will be terminated. All other terms of the settlement are confidential.
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