Arctic Cat Aktie
WKN: 880484 / ISIN: US0396701049
15.06.2016 04:38:38
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Arctic Cat Awarded Damages Of $46.7 Mln In Patent-Infringement Lawsuit
(RTTNews) - Arctic Cat Inc. (ACAT) announced that a federal court judge for the Southern District of Florida (Miami) awarded triple damages of US$46.7 million in a patent-infringement suit filed by Arctic Cat against Bombardier Recreational Products Inc. and BRP U.S. Inc. Initially, a jury awarded Arctic Cat just over US$15 million on June 1, 2016, after unanimously finding that the defendants willfully infringed all asserted claims in two of Arctic Cat's patents for an innovative off-throttle assisted steering technology.
Arctic Cat's technology is an important safety mechanism designed to prevent on-water collisions and accidents in personal watercraft (PWC). Today, the federal judge tripled the damages in the case, due to the makers of the Sea-Doo jet propulsion PWC committing willful infringement.

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