Benzinga | Aug 30, 2020 09:49PM EDT

Canon Announces Conclusion of Dispute With Inbusco GMBH and Its Managing Director

Canon Inc. (NYSE:CAJ) and Inbusco GmbH as well as its managing director agreed to resolve their pending patent dispute by signing a settlement agreement. Inbusco GmbH inter alia accepted a preliminary injunction (docket no. 4a O 5/19) of the District Court Dsseldorf based on the infringement of the German portion of Canon's European Patent EP 2 087 407 B1 as final and binding between the parties. Furthermore, Inbusco GmbH has agreed to pay damages for past infringement to Canon. Further details of the settlement agreement are confidential.