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DVD6C wins arbitration against Chinese manufacturer over royalties collection
The nine-member DVD6C Licensing Group announced that their authorised licensor, Toshiba, won an arbitration to collect royalties due from ChangZhou Xingqiu Electric, a Chinese manufacturer of consumer DVD players, under the DVD6C patent license. Arbitration procedures had commenced in April last year.
The arbitral tribunal awarded Toshiba unpaid royalties and interest totaling over $4.4 million, plus continuing interest at a rate of 2% per month until the award is paid in full. The unpaid royalties awarded consisted of reported, unreported and underreported royalties due.
This arbitration is part of a continuing global initiative by the DVD6C Licensing Group to collect unpaid royalties due under the DVD6C patent license.
Story filed 26.02.12
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