Fontem and NJOY Settle Patent Dispute

Source from:  Tobacco Reporter 11/18/2015

Fontem Ventures and NJOY have reached a global settlement agreement that resolves ongoing litigation in the U.S. and Germany.

The settlement ends one of eight patent-infringement cases originally brought by Fontem Ventures and Fontem Holdings in March 2014 in the U.S. District Court for the Central District of California in relation to e-vapor technology.

Under the terms of the settlement, Fontem Ventures has granted NJOY and its affiliates a non-exclusive royalty-bearing global license under the patents-in-suit and certain other vapor technology-related patents.

The remaining settlement terms are confidential. Enditem