KODAK SUES TAIWANESE CAMERA MAKER OVER ROYALTY DISPUTE
TAIPEI, Feb 07, 2012 (AsiaPulse via COMTEX) -- Eastman Kodak Co., which recently filed for bankruptcy protection, has filed a civil suit against Taiwan's Altek Corp. (TAIEX:3059) related to a dispute over the payment of royalty fees, the Taiwanese company said Monday.
Altek, Taiwan's largest digital camera original design manufacturer (ODM), said it has a cross-licensing deal with Kodak to use some of its patents, but the two companies have recently had a disagreement over how the royalties should be calculated.
Altek said it was not the only company under attack by Kodak, which has also sued major smartphone brands HTC (TAIEX:2498), Apple, and Samsung (KSE:005930), probably in a bid to increase the value of its patents, which are the company's most valuable assets.
The Taiwan-based company said it has commissioned attorneys to deal with the case and overdue payment issues to protect its shareholders' interests.
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