CRA consulted to a food products company that had been found to infringe a patent covering a specialty food additive. In evaluating the patent owner’s claims of lost profits from lost sales, price erosion, and accelerated market entry, CRA conducted an in-depth analysis of the overall product market. In agreement with our analyses and conclusions, the court denied all forms of lost profits damages and instead awarded a reasonable royalty as compensation for the infringement. Further, the reasonable royalty assessed by the court was consistent with our analysis of the business and economic factors impacting the hypothetical negotiation, including our client’s cost of implementing an acceptable noninfringing alternative.
A look at Chinese courts’ new approach to IP damages
In this Law360 article, Fei Deng, Hong Qiao, and Yi Cheng examine the trend of Chinese courts toward awarding larger non-statutory damage awards in IP cases....