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ITUS Subsidiary Enters Into Settlement Agreement

17-Mar-2015 | Source : AG-IP News | Visits : 3328
LOS ANGELES, CA - ITUS Corporation, a company that builds and protects innovation, announced in a press release that its wholly owned subsidiary, J-Channel Industries Corporation (“JCIC”), has entered into a settlement agreement with Woodgrain Millwork, Inc. and The Windsor Window Company, Inc., in connection with JCIC’s patented J-Channel Window Frame Construction technology.
 
Robert Berman, ITUS’s President and CEO, stated, “Despite being hampered by a very crowded Court docket in the Eastern District of Tennessee, we have now entered into 31 J-Channel agreements since we started this assertion campaign back in August of 2013. The remaining defendants from our lawsuits are Clayton Homes, the leading manufactured and modular home manufacturer in the US, and its supplier Kinro Manufacturing, which is owned by Clayton. About a month ago, the Tennessee District Court entered its Scheduling Order, allowing for the remaining lawsuits to proceed, and a claims construction hearing is currently scheduled for July 14, 2015.”
 
The Agreement resolves a patent infringement lawsuit, which will be dismissed.
 
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