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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.