Eastman Kodak Co. can collect royalties on Pentax digital cameras from Ricoh Co. Ltd., a federal judge has ruled.
Not yet clear is how much the Pentax licensing fees will add to the Kodak’s revenues as the company emerges from bankruptcy.
Kodak sued Ricoh in a federal court in Manhattan in April 2012, filing the action some 10 months after Ricoh’s mid-2011 acquisition of Pentax from Hoya Corp.
In the lawsuit, Kodak invoked a patent license agreement it inked with Ricoh in 2002. Ricoh countered Kodak’s prior arrangements with Pentax meant Ricoh did not owe royalties.
In a ruling handed down Friday, U.S. District Judge Denise Cote said Ricoh breached the 2002 agreement and therefore owes royalties on at least some of the Pentax cameras it has sold. Left hanging is a question she did not settle: whether Pentax single lens reflex cameras fit the definition of a digital camera that Kodak and Ricoh agreed on in the 2002 contract.
After issuing the Aug. 9 ruling, Cote sent the case to a magistrate judge for settlement.
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