financetom
Business
financetom
/
Business
/
Masimo smartwatches infringe Apple design patents, US jury says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Masimo smartwatches infringe Apple design patents, US jury says
Nov 3, 2024 12:04 PM

Oct 25 (Reuters) - Apple ( AAPL ) convinced a federal

jury on Friday that health monitoring tech company Masimo's ( MASI )

smartwatches infringe two of its design patents.

The jury, in Delaware, agreed with Apple ( AAPL ) that Masimo's ( MASI ) W1

and Freedom watches and chargers willfully violated Apple's ( AAPL )

patent rights in smartwatch designs, awarding the tech giant

$250 in damages. Apple's ( AAPL ) attorneys told the court the "ultimate

purpose" of its lawsuit was to win an injunction against sales

of Masimo's ( MASI ) smartwatches after an infringement ruling.

The jury also determined that Masimo's ( MASI ) watches did not

infringe Apple ( AAPL ) patents covering smartwatch inventions that the

tech giant had accused Masimo ( MASI ) of copying.

Masimo ( MASI ) said in a statement that the company appreciated the

jury's verdict "in favor of Masimo ( MASI ) and against Apple ( AAPL ) on nearly

all issues," and that the decision only applied to a

"discontinued module and charger."

"Apple ( AAPL ) primarily sought an injunction against Masimo's ( MASI )

current products, and the jury's verdict is a victory for Masimo ( MASI )

on that issue," Masimo ( MASI ) said.

Apple ( AAPL ) said in a statement that it was "glad the jury's

decision today will protect the innovations we advance on behalf

of our customers."

Irvine, California-based Masimo ( MASI ) accused Apple ( AAPL ) of hiring

away its employees and stealing its pulse oximetry technology

after discussing a potential collaboration. Masimo ( MASI ) convinced the

U.S. International Trade Commission last year to block imports

of Apple's ( AAPL ) Series 9 and Ultra 2 smartwatches after the

commission found that their technology for reading blood oxygen

levels infringed Masimo's ( MASI ) patents.

Apple ( AAPL ) has appealed the decision and resumed selling the

watches after removing the technology. The tech giant

countersued Masimo ( MASI ) for patent infringement in 2022, alleging

that Masimo ( MASI ) copied Apple Watch features to use in its

smartwatches.

Apple ( AAPL ) also accused Masimo ( MASI ) of using lawsuits at the ITC

and in California to "make way for Masimo's ( MASI ) own watch." Masimo ( MASI )

said Apple's ( AAPL ) patent lawsuit was "retaliatory" and "an attempt to

avoid the court in which the parties have been litigating their

dispute."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Occidental Petroleum Issues $5 Billion in Bonds to Finance CrownRock Purchase
Market Chatter: Occidental Petroleum Issues $5 Billion in Bonds to Finance CrownRock Purchase
Jul 23, 2024
03:01 PM EDT, 07/23/2024 (MT Newswires) -- Occidental Petroleum ( OXY ) is selling investment-grade bonds for $5 billion to finance the acquisition of CrownRock and the bonds will be sold in five parts, Bloomberg reported Tuesday, citing a person with knowledge of the matter. The longest offering extends over 30 years with a yield of 160 basis points above...
Bancfirst Insider Sold Shares Worth $263,330, According to a Recent SEC Filing
Bancfirst Insider Sold Shares Worth $263,330, According to a Recent SEC Filing
Jul 23, 2024
02:51 PM EDT, 07/23/2024 (MT Newswires) -- Dennis Jay Hannah, Executive Vice President, on July 23, 2024, sold 2,500 shares in Bancfirst ( BANF ) for $263,330. Following the Form 4 filing with the SEC, Hannah has control over a total of 13,608 shares of the company, with 3,778 shares held directly and 9,830 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/760498/000159396824001004/xslF345X03/primary_01.xml Price:...
What's Going On With Cleveland-Cliffs Shares Today?
What's Going On With Cleveland-Cliffs Shares Today?
Jul 23, 2024
Cleveland-Cliffs Inc. ( CLF ) shares are trading higher today after the company reported financial results for the second quarter yesterday. The company reported revenue of $5.09 billion, missing the consensus estimate of $5.20 billion, according to Benzinga Pro. The company reported breakeven adjusted earnings, beating analyst estimates for a loss of 2 cents per share. Cleveland-Cliffs ( CLF ) lowered its...
Apple Cherry Picks Quotes to Justify Motion for Discovery in Patent Case, Omni Bridgeway Tells Court
Apple Cherry Picks Quotes to Justify Motion for Discovery in Patent Case, Omni Bridgeway Tells Court
Jul 23, 2024
02:54 PM EDT, 07/23/2024 (MT Newswires) -- Apple ( AAPL ) is cherry picking quotes from other court cases to justify its bid to have Omni Bridgeway turn over documents related to its financing of a patent case, Omni said in a court filing. Even so, Apple's ( AAPL ) bid is futile, Omni Bridgeway, a litigation financier, said in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved