Thursday, CGGVeritas (CGV) announced that a Texarkana jury found that its unit Sercel Inc. infringed on United States Patent No. 5,852,242 and that ION Geophysical Corporation is entitled to $25.2 million in lost profits.
Sercel will ask the court to overturn the jury's finding on several grounds, including ION's failure to prove by a preponderance of the evidence that the patent was infringed by Sercel and the invalidity of the patent due to ION's failure to disclose in the patent the best way of making the invention. The court has asked the parties to brief these issues by April 2010, and Sercel does not expect any further action from the court until this briefing is completed.
Earlier, the court had found the product claims of the patent invalid, and one of the claims for a method of manufacturing not infringed.
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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.