News | November 18, 2024
Richard Manning provided trial testimony that contributed to a decisive legal victory for biotech startup Inhibrx in a $460 million trade secrets case brought by I-Mab Biopharma in Delaware federal district court.
June 23, 2023
Bruce L. Blacker of Intensity, a Secretariat company, provided trial testimony on behalf of Orange Electronic Co. Ltd. in patent litigation involving a tire pressure monitoring system. The jury awarded damages of $6,616,397, the exact amount testified to by Mr. Blacker.
Intensity worked with Sughrue Mion PLLC on behalf of Orange Electronic Co. Ltd. in litigation involving a tire pressure monitoring patent. The invention allows auto mechanics to bypass the vehicle relearn function when replacing a tire pressure sensor by copying the old sensor ID to the new sensor, which saves time and money.
During its work, Intensity performed an analysis of economic damages relating to the asserted patent infringement claims. To determine a reasonable royalty that would result from the hypothetical negotiation, Intensity performed a market approach analysis utilizing prior market transactions to inform the appropriate royalties for the hypothetical negotiation. Further, Intensity evaluated an appropriate royalty structure and performed an analysis of the Georgia-Pacific factors.
Managing Director Bruce Blacker submitted a report and provided expert testimony at trial. Mr. Blacker’s work was supported by Economist Kyle Kost. The project support team also included Alex Gisquet and Grace Martens.
After a four-day trial, the jury returned a verdict in favor of Orange with a damages award in the exact amount testified to by Mr. Blacker. Further, the jury found that the defendant willfully infringed the patent. The patent at issue is U.S. Patent No. 8,031,064.
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Richard Manning provided trial testimony that contributed to a decisive legal victory for biotech startup Inhibrx in a $460 million trade secrets case brought by I-Mab Biopharma in Delaware federal district court.
Under Dr. Guyer’s leadership, the new Engineering & Scientific Consulting practice will provide the critical research, analysis, and investigations expertise necessary to solve the challenging science, engineering, and regulatory questions behind why products fail and the implications for stakeholders.
The US Music Industries: Jobs & Benefits — 2024 Report
Robert Stoner and Jéssica Dutra have recently published The U.S. Music Industries: Jobs & Benefits—2024 Report for the Recording Industry Association of America where we measure the music industries’ economic impact nationwide, which overall contribute $212 billion to the GDP and account for 2.5 million jobs.