Lynk Labs, Acuity Brands and Schneider Electric settle patent disputeStaff Writer | February 28, 2017
Lynk Labs, Acuity Brands, and Schneider Electric have agreed to resolve all claims in the patent lawsuit filed by Lynk Labs back in June 2015.
License agreement The financial terms are confidential
The financial terms and other details of the settlement between the parties are confidential. As part of the agreement, Acuity and its Affiliates received licenses to a portion of the patent portfolio owned by Lynk Labs.
Lynk Labs, Inc., a leading LED technology manufacturer announced today that it has reached a confidential settlement in its patent infringement and contractual breach lawsuit with Acuity Brands, Inc. and Schneider Electric.
The complaint, originally filed by Lynk in June 2015 against Juno Lighting Group, later added Schneider Electric for patent infringement and breach of contract.
Following Acuity Brands acquisition of Juno Lighting Group, Lynk separately added Acuity to the case for patent infringement claims. After nearly two years of litigation in the U.S. District Court of Illinois, the parties have agreed to settle and enter a license agreement.
Lynk will continue to expand its patent portfolio and licensing program which includes over 50 U.S. and International issued and pending patents ranging from fundamental AC LED circuits to complete LED lighting systems in both AC and DC LED technologies, display lighting and more. ■