Shade Co., parent company to home lighting fixtures manufacturer Lutron, is currently in an ongoing legal battle with competitor GeigTech. At the heart of this feud lies a recent verdict by a New York federal jury, obliging Lutron to pay GeigTech the significant sum of $34.6 million. This follows a finding that Lutron infringed upon a GeigTech patent. In response to this outcome, Lutron has made clear their position, stating that they consider the award to be “grossly excessive.”
This litigation offers a prime example of the hefty monetary consequences that can arise from patent infringements within the industry. The substantial award granted to GeigTech not only highlights the value placed on protective patents, but could potentially set the stage for other similar legal battles in the future.
For more detailed information on this ongoing case, peruse the original article from Law360.