BRIEF-Cochlear Ltd announces jury trial verdict in patent infringement case

Fri, 24 Jan - 12:18pm

Jan 24 (Reuters) - Cochlear Ltd COH.AX :

* Jury verdict in patent infringement lawsuit by alfred e. mann foundation for scientific research and advanced bionics llc has been reached

* "No judgment has been entered based on the verdict as important issues still remain to be decided by the judge"

* Jury in US district court in Los Angeles, California awarded damages of $131.2 million against co

* Says "we strongly disagree with the jury verdict and will appeal any judgment entered against Cochlear by the court"

* Has not yet determined the impact, if any, on its financial statements as a result of verdict

* Source text for Eikon News Search ID:nASX6RmV52

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URN: 
urn:newsml:reuters.com:20140124:nWNBS00AK4:8
Topics: 
HLTH IND AU CMPNY INDS CLJ HECA ASIA BLR INDM LEN HPRD RTRS JUDIC MACH BACT GEN INDG REGS PHMR MAC MEDQ DRU

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