Symbol Technologies Loses $2.6 Million Verdict

Summary


Symbol Technologies Inc. owes rival company Metrologic Instruments Inc. $2.6 million in back royalties, a New Jersey federal judge ruled Wednesday.

Ten years ago, Symbol and Metrologic began a cross-licensing agreement for barcode scanners. In its suit, Metrologic claimed that Symbol stopped paying royalties associated with the agreement in 2004, and Metrologic contended that Symbol owes $2.6 million, including interest.

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Extract


Symbol Technologies Loses $2.6 Million Verdict

Judge Harold A. Ack...

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