Crocs, Inc. (MM) (NASDAQ:CROX)
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5 Years : From Apr 2012 to Apr 2017
A federal appeals court on Wednesday overturned a 2008 U.S. International Trade Commission ruling that rejected Crocs Inc.'s (CROX) claims of patent infringement against shoe makers who sold knock-off versions of the company's foam clogs.
The U.S. Court of Appeals for the Federal Circuit on Wednesday restored one Crocs patent, ruling that the ITC was wrong in deciding that the patent was obvious, and therefore invalid.
The Federal Circuit also said the ITC erred in ruling that shoe makers did not infringe another Crocs patent.
The appeals court sent the case back to the ITC for further patent-infringement proceedings and consideration of possible remedies to which Crocs may be entitled.
The case is Crocs Inc. v. International Trade Commission, 2008-1596.
-By Brent Kendall, Dow Jones Newswires; 202-862-9222; email@example.com