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Tagged Image File Format  |  1995-08-30  |  87KB  |  1696x2200
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OCR: antitrust market The jury awarded Windmere damages of $29 .881 419 and judgment was for $89 664 257 (after trebling. plus attorneys' fees and interest (Pet AT Philips appealed the unfair competition and antitrust judgments the Court of Appeais for the Federal Circuit. The parties futly briefed the appeal aad were awaiting an argumeni date when settlement was achieved The Settlement Philips and Windmere entered into settlement of all outstanding claims and exchanged general releases May 1992 Philips paid Windmere $57 million, which represented approximatety $.50 the dollar given the value the antitrust judgment at the time of settlement. Pursuant to the terms of the settl lement. reached after long negotiations Philips paddorp its appeal and the parties jointly moved to vacate both judgment ...