Avery Dennison Announces Settlement of Litigation with 3M
* Reuters is not responsible for the content in this press release.
http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130329:nBw295104a Continues to sell Avery Dennison OmniCube products worldwide PASADENA, Calif.--(Business Wire)-- Avery Dennison Corporation (NYSE:AVY) announced today that patent and antitrust litigation against 3M Company has been settled by agreement of the parties. The litigation began when 3M alleged that Avery Dennison infringed 3M patents and sought a preliminary injunction to prevent Avery Dennison from selling Avery Dennison OmniCube, a Type XI sheeting product used to increase nighttime visibility of road signs and other highway and transportation products. The court denied 3M's request, and after Avery Dennison brought claims of its own for patent infringement and antitrust violations, the parties agreed to dismiss all three pending cases. Avery Dennison will continue to sell its OmniCube products worldwide. "We`re pleased to have reached a mutually acceptable agreement, and we look forward to continuing to offer customers our innovative OmniCube product, the only omnidirectional Type XI sheeting available today," said Donald A. Nolan, president of Avery Dennison Materials Group. About Avery Dennison Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging materials and solutions. The company`s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and 30,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Pasadena, California, the company reported sales from continuing operations of $6 billion in 2012. Learn more at www.averydennison.com. Avery Dennison Contacts: Media Relations: David Frail (626) 304-2014 (o) and (626) 298-5902 (m) email@example.com or Investor Relations: Eric M. Leeds (626) 304-2029 firstname.lastname@example.org Copyright Business Wire 2013
- Israel holds off on escalating Gaza barrage; West wants truce |
- Russia warns Ukraine after shell crosses border |
- Three dead, two wounded in Pasadena, California shootings
- As some high-risk assets take a hit, investors fear worse is to come
- Heavy fighting breaks out near Libya's Tripoli airport, seven dead