SK Innovation agreed to pay US$1.8 billion to LG Energy Solution, a unit of LG Chem, discontinue other lawsuits elsewhere, and freeze legal actions for 10 years.
US International Trade Commission dismisses LG Energy Solution s request to cancel SK Innovation s patent suit
Posted : 2021-04-02 17:12
By Kim Bo-eun
The U.S. International Trade Commission (USITC) on Thursday (local time) dismissed LG Energy Solution (LGES) s request to cancel a patent suit filed by SK Innovation (SKI) in 2019.
The suit was filed in September 2019, prior to LGES filing its own patent suit against SKI the same month. USITC on Wednesday sided with SKI in the suit that LGES had filed.
U.S. regulations state that any party may file a motion to introduce sanctions for the failure of a party to cooperate in investigations. LGES requested that sanctions be taken against SKI for their patent suit in August 2020, citing that SKI failed in its duty to preserve evidence for the investigation.
USITC sides with SK in battery patent suit with LG
Posted : 2021-04-01 16:58
LG claims latest ruling is separate from trade secret case
By Kim Bo-eun
LG and SK groups corporate logos / Korea Times fileThe U.S. International Trade Commission (USITC) ruled in favor of SK Innovation (SKI), Wednesday (local time), in a battery patent lawsuit with LG Energy Solution (LGES).
In a preliminary decision in the patent suit filed by LGES, the commission stated that it could find no evidence that the nation s No. 2 battery maker, SKI, infringed on the stated patents. The pre-ruling comes as a deadline approaches for a decision by the White House on whether to veto a separate USITC ruling over SKI illegally obtaining LGES trade secrets that was made in February.
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1st Gear: BMW Has A Flurry Of Announcements This Morning
Which we will have more about in a bit but for now I will cover the topline one, which is that BMW says that it expects that half of its new car sales will be fully electric by 2030. The company has been getting serious about electric for a bit now. Also, say goodbye to internal combustion engine Minis.
The automaker plans for about half of total sales to be fully electric by the end of the decade, it said on Wednesday. The company also confirmed that its Mini brand will only sell battery-powered cars by the early 2030s.