- U.K.-based CIT has agreed to withdraw U.K. claims stating UniPixel (UNXL -0.5%) used CIT's confidential info for unauthorized purposes, and has agreed to "release any current and future claims to Uni-Pixel's past and current technology, patents, and other property based on the subject matter of the suits."
- UniPixel, in turn, has agreed to withdraw U.S. claims stating CIT breached an agreement between the companies by filing suit in the U.K., and has "agreed to grant CIT certain limited rights to use technology that would be protected by the patents arising from the disputed patent filings."
- No money is changing hands. Concerns had previously been voiced about the potential impact of UniPixel's legal battle with CIT.
From other sites
at Zacks.com (Mar 10, 2015)
at MarketWatch.com (Jun 25, 2014)
at CNBC.com (Sep 24, 2013)
at MarketWatch.com (May 17, 2013)
at MarketWatch.com (Apr 18, 2013)
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