Asetek – Receives Settlement of $1.4M after Patent Infringement Lawsuit
October 20, 2015 — Asetek® announces that it has received a settlement payment of approximately $1.4 million, which is the final payment due under the nearly $1.9 million settlement with CoolIT Systems, Inc. On June 15, 2015, Asetek announced that its patent infringement lawsuit against CoolIT Systems was concluded when the United States District Court for the Northern California on June 12, 2015 determined that CoolIT Systems must pay damages to Asetek in the amount of approximately $1.9 million. The ruling was not appealable by either party and Asetek announced that it expected to