Eastman Kodak settles patent lawsuit

By Associated Press May 16, 2008 Comments (0)

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Imaging products company Eastman Kodak Co. said Friday it settled a patent dispute with St. Clair Intellectual Property Consultants Inc.

Under the terms of the settlement, Kodak said it assigned its rights in the patents in dispute to St. Clair and stipulated that St. Clair is the owner of the patents.

St. Clair, meanwhile, granted Kodak a full release and a license to the patents and committed to granting licenses to two other companies of Kodak's choice.

Eastman Kodak shares fell 14 cents to $17.20 in electronic premarket trading. The shares closed at $17.34 on Thursday.

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