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Patent Law
: IPBizFootnote to Madey v. Duke University: Duke goes after insuror for legal fees
By Lawrence B. Ebert, Esq.
gives a suggestion of "how much" Duke paid in the litigation against John Madey, which was
ultimately unsuccessful:
Randall Roden, an attorney with Tharrington Smith who represented Madey, says he doesn?t believe the $5 million limit on Duke?s insurance policy with Coregis would cover the legal costs and settlement, adding that he wouldn?t be surprised if Duke spent $5 million on legal fees alone.
This is at the level the University of Rochester spent in its unsuccessful patent suit
against Searle concerning COX-2 inhibitors.
Oh, yes, John Madey did get the laser from Duke, so Duke ended up with a large legal bill, no laser, and no Madey.
[The whole problem began when Duke started to give time on the laser to other scientists, creating a turf war of sorts. The episode had many unintended consequences.]
Full post as published by IPBiz on August 09, 2009 (boomark / email).
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