ate last year, a US District Court judge upheld a Las Vegas jury’s January 2009 verdict that validated the JCM’s infringement claim which surrounded JCM’s innovative, removable stacker mechanism, detailed in U.S. Patent No. 5,372,361, that the jury found MEI’s Cashflow products infringed on four separate claims. In his ruling, the judge awarded JCM approximately us$ 845,000 in interest on the us$ 11.4 million jury award, issued a permanent injunction against MEI, denied all post-trial motions filed by MEI and required a bond in the amount of approximately us$ 12,475,000.
The expected release of the bond to JCM will effectively bring this case to a close. The court-issued permanent injunction against sales of MEI products that deploy the design found to infringe in the Nevada litigation remains in effect, enjoining MEI from “making, using, selling or offering to sell, or importing into the United States, the Cashflow SC Series products with a removable pusher that were found by the jury to infringe upon the ‘361 Patent.”
JCM Global President/CEO Akiyoshi Isoi said: “We are extremely pleased that the appellate court affirmed the jury verdict against MEI. We aggressively defended our patents and plan to do so again in the future, should the need arise.”