Legal Industry News

Federal Circuit Applies Recent High Court Case to Find Successor Liability

Source: Law.com – Newswire
The Federal Circuit has ruled that a defendant’s successor companies are liable for an $8 million default judgment in a patent infringement case. The panel rejected the district court’s decision to apply South Korean law concerning successor liability, ruling that New Jersey law should apply because Daewoo Electronics’ U.S. subsidiary has headquarters in New Jersey. The court cited a recent U.S. Supreme Court case that deemed that the laws of a company’s “principal place of business” should apply to transactions.
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