PERTH, Australia – Australia's Cochlear Ltd. said it would fight a U.S. District Court patent infringement verdict reported Monday that doubles the damages Cochlear was ordered to pay the Alfred E. Mann Foundation for Scientific Research and Advanced Bionics LLC. The Federal District Court for the Central District of California awarded "enhanced damages" in the amount of $268 million, and the cochlear implant company will need to lodge a $335 million insurance bond to appeal the judgement. Read More
