Invotex Group said Friday that in the fuel filter and priming pump patent infringement suit brought against Champion Laboratories, Inc. and Wix Filtration Corp. by Parker Hannifin Corp. (PH) and Parker Intangibles, LLC, Invotex damages expert Michele Riley testified on behalf of plaintiff Parker that the amount of total damages adequate to compensate for the claimed infringement was about $6.5 million.
On December 11, the jury decided that the patent asserted against the defendant was valid and infringed and adopted Ms. Riley's lost profits analysis to the dollar, awarding damages in excess of $6.5 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.