In the Q&A, “WesternGeco LLC v. ION Geophysical Corp.: Supreme Court to Determine Lost Profits Damages Arising from Patent Infringement,” Ron outlined why the Supreme Court is interested in this case, the reasons why the energy industry is following the case so closely, the unintended consequences that businesses face as a result of how the Supreme Court rules, if the decision will provide final clarity on damages, and what may happen in the aftermath. According to Ron, “If the Supreme Court rules that companies are eligible for lost profit damages, that could push companies to both manufacture components and assemble them outside the U.S., especially in countries with less developed intellectual property regimes. Vietnam and Malaysia could see a spike in production as companies seek to avoid infringement claims. The large multinational corporations already sell their products all over the world; instead, second-tier companies will feel the impact and adjust accordingly.”
Maximizing the protection and value of intellectual property assets is often the cornerstone of a business's success and even survival. In this blog, Nutter's Intellectual Property attorneys provide news updates and practical tips in patent portfolio development, IP litigation, trademarks, copyrights, trade secrets and licensing.