Bally Tech (BYI), IGT (IGT) Settle Patent Litigation
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International Game Technology (NYSE: IGT) and Bally Technologies, Inc. (NYSE: BYI) announced today they have entered into a Settlement and License Agreement that will end their pending patent litigation in the case styled IGT v. Bally Gaming Int'l, Inc., Civil Action No. 1:06-cv-00282-SLR (D. Del.).
As part of the settlement agreement, Bally will obtain a patent license to IGT's bonusing portfolio under confidential terms and will dismiss its counterclaims with prejudice.
As part of the settlement agreement, Bally will obtain a patent license to IGT's bonusing portfolio under confidential terms and will dismiss its counterclaims with prejudice.
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