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3M, Avery Dennison Conclude Patent Infringement And Related Lawsuits

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3M Co. (MMM: Quote), along with its wholly-owned subsidiary 3M Innovative Properties Co., said Thursday that they have successfully concluded their lawsuits against Avery Dennison Corp. (AVY: Quote) relating to retroreflective sheeting products used on traffic signs, pavement markings and other traffic control products.

3M's patent infringement litigation against Avery Dennison has been resolved with the court entering a consent judgment in favor of 3M.

Avery's separate claims of patent infringement and antitrust violations against 3M have been dismissed by the court with prejudice.

Reflective sheeting technology was pioneered by 3M more than 60 years ago. 3M continues to lead innovation in that technology, investing enormous resources to develop products, such as its 3M Diamond Grade DG Reflective Sheeting, to meet the changing traffic control needs and visual requirements of motorists.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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With disappointing earnings news generating some selling pressure, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into negative territory after ending the previous session nearly flat. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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