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Message: Schneider Electric told to pay fines for patent infringement

Schneider Electric told to pay fines for patent infringement

posted on Oct 01, 2007 01:14AM

BEIJING (Thomson Financial) - Schneider Electric has been ordered to pay 330 mln yuan (30 mln eur) to a Chinese company after a Chinese court found the French electrical distribution equipment maker had violated its intellectual property rights.

Schneider Electric has ten days to pay Chinese company, Chint, according to a report in local newspaper Beijing News.

Schneider said it will appeal the decision, and noted that it has sued Chint in a separate counterfeiting case.

 http://www.iii.co.uk/news/?type=afxnews&articleid=6312643&subject=companies&action=article

 

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