Toyota Settles with Paice on Patent-Infringement Lawsuit
Toyota Motor Corp., the world’s biggest automaker, settled a patent-infringement dispute that had threatened U.S. imports of its newest hybrid vehicles, including the Prius.
The agreement with Paice LLC, ending six years of litigation, was announced today as a hearing was to begin on a claim against Toyota before the U.S. International Trade Commission in Washington. Terms weren’t disclosed and lawsuits pending in Texas and at a U.S. appeals court will be dismissed.
Paice founder Alex Severinsky, a Soviet emigrant who began his career developing antitank-warfare instrumentation, had said his 1994 patented system for a high-voltage method to power gas- electric hybrid cars was used by Toyota without permission. Severinsky, 65, has sought royalties from the automaker.
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