Aussies stealing our stuff again...
FPH FILE PATENT INFRINGEMENT PROCEEDINGS AGAINST RESMED
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Aussies stealing our stuff again...
FPH FILE PATENT INFRINGEMENT PROCEEDINGS AGAINST RESMED
I'm going to be at the ASM next Tuesday 23 Aug, anyone else planning go?
Well, its not really Aussies - ResMed's headquarter is California based since 1990.
http://www.resmed.com/us/dam/documen...Fact-Sheet.pdf
Looks like as well that while they agree that it was the same idea, they seem to disagree about who stole the IP from whom. They just filed a counterclaim. Now the courts just need to establish who had it first:
https://www.nzx.com/companies/FPH/announcements/287408
Overall - I just hope that they find a way to sort the whole thing without a long court battle. Though its not David against Goliath, but ResMed is larger than F&P and they might have as well some benefits by sitting closer the the US justice system.
However it goes - the clear winner will be a number of lawyers ... lets hope its not the shareholders to loose.