On Eve of Trial, Honeywell Agrees to Settle Patent Suit by BorgWarner for $32.5 Million

After four years of litigation, Honeywell and BorgWarner were set to begin trial Monday in a patent suit with up to $300 million at stake. Instead, the parties settled, with Honeywell agreeing to pay BorgWarner $32.5 million for a license to the patents.

By |2011-07-22T17:03:37+00:00July 22nd, 2011|Uncategorized|Comments Off on On Eve of Trial, Honeywell Agrees to Settle Patent Suit by BorgWarner for $32.5 Million