Invotex Damages Expert Testifies in Parker Hannifin Fuel Filter Patent Suit; Jury Awards More Than $6.5 Million in Damages

Jan 08, 2010, 11:26 ET from Invotex Group

BALTIMORE, Jan. 8 /PRNewswire/ -- In the fuel filter and priming pump patent infringement suit brought against Champion Laboratories, Inc. and Wix Filtration Corp. by Parker Hannifin and Parker Intangibles, LLC, Invotex® Group damages expert Michele M. Riley, CPA, testified on behalf of plaintiff Parker that the amount of total damages adequate to compensate for the claimed infringement was approximately $6.5 million. On Friday, December 11, 2009, the jury decided that the patent asserted against the defendant was valid and infringed and adopted Ms. Riley's lost profits analysis to the dollar, awarding damages in excess of $6.5 million.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100108/PH34650 )

The cases, Parker Hannifin corp. et al. v. Wix Filtration Corp. and Parker Hannifin Corp. et al. v. Champion Laboratories, Inc., were filed in the U. S. District Court for the Northern District of Ohio.

About Invotex Group - Invotex Group (www.invotex.com) provides accounting, financial and economic consulting services to clients including Fortune Global 500 corporations, major law firms, leading research universities and local, state, and federal governments and agencies around the country. The firm's highly credentialed experts and professional staff conduct economic and financial analyses to provide objective opinions and advice in matters involving complex transactions, disputes, investigations, reorganizations, insurance and valuations. Invotex also offers advisory services for intellectual property owners, including licensing, technology evaluation and license compliance, asset management and enforcement of IP rights. The firm comprises experienced industry leaders, former public company financial executives, former international accounting and consulting firm ("Big 4") partners and seasoned consultants.

Contact: Michele Riley, Managing Director, 410-824-0164, mriley@invotex.com

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Michele Riley

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SOURCE Invotex Group



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