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Whirlpool Corporation, LG Electronics Settle Refrigerator Patent Disputes

30-Sep-2012 | Source : AG-IP News | Visits : 7181
BENTON HARBOR, Mich. and SEOUL, South Korea - LG Electronics Inc. and Whirlpool Corporation have agreed to settle their respective patent infringement disputes related to refrigerators. 

According to Whirlpool, this agreement, which concludes years of patent litigation between LG and Whirlpool, will result in the dismissal of three pending patent infringement lawsuits involving several LG and Whirlpool patents in the US District Courts in Delaware and New Jersey. All other terms of the settlement are confidential. 

LG Electronics Inc. is a global leader and technology innovator in consumer electronics, mobile communications and home appliances. With 117 operations around the world, LG achieved global sales of USD 49 billion (KRW 54.26 trillion) in 2011. 

Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion in 2011, 68,000 employees, and 65 manufacturing and technology research centers around the world.

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