MIT to Toshiba: Pay us the $25 million you owe us, you tightwads

MIT says Toshiba owes it at least that much in royalties for the right to make digital TVs, video players and home-theater systems based on patents it holds.

In a lawsuit filed this week in US District Court in Boston, MIT says that Toshiba stopped making agreed upon royalty payments in 2011 for patented work by MIT researchers on several key digital-TV standards, including MPEG-2 and MPEG-4. And that was a year after MIT had discovered the company was underreporting its sales and its required royalties even when it was making payments, the suit alleges.

At no time has Toshiba asserted that the Licensed Patents were invalid or unenforceable or that Toshiba had reported on and paid royalties on all licensed products that it had used, sold, or leased.

The suit names US and Japanese Toshiba corporate entities, as well as "Does 1 through 10," which MIT says are Toshiba subsidiaries that sell in the US but which it has yet to identify.

At no time has Toshiba asserted that the Licensed Patents were invalid or
unenforceable or that Toshiba had reported on and paid royalties on all licensed products that it had used, sold, or leased.

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Comments

if it does

that is their right. whats your problem with it? it's a private institution.

An institution of higher learning

By on

should be developing technology for the greater good. They shouldn't being trying to extort "royality" payments (= SCAM) from those who genefit from that technology.