Trex (TWP) Announces Appeals Court Affirms Prior Ruling That Company Does Not Infringe Patents by Nystrom
Trex Company, Inc. (NYSE: TWP) announced today that the U.S. Court of Appeals for the Federal Circuit has affirmed a Federal District Court ruling that the Company does not infringe patents owned by Ron Nystrom.
Mr. Nystrom commenced the litigation in 2001, when he alleged that the Company's products and its hidden fastening system infringe his patents. Trex had prevailed in a number of prior District Court and Court of Appeals decisions.
Ronald W. Kaplan, Trex's president and chief executive officer, stated, "We are gratified that the Court of Appeals has fully and finally vindicated Trex. After eight years of litigation, the Trex management team can now put this unnecessary distraction behind us and maintain our intense company-wide focus on enhancing Trex's operations and financial results."
William R. Gupp, Trex's vice president, general counsel and secretary, stated, "Since this case was commenced in 2001, we have been steadfast in our position that this case was completely without merit, and we aggressively defended it on that basis. This Court of Appeals decision provides finality on this case, which was time-consuming and costly, and we are very pleased to have prevailed."
Mr. Nystrom commenced the litigation in 2001, when he alleged that the Company's products and its hidden fastening system infringe his patents. Trex had prevailed in a number of prior District Court and Court of Appeals decisions.
Ronald W. Kaplan, Trex's president and chief executive officer, stated, "We are gratified that the Court of Appeals has fully and finally vindicated Trex. After eight years of litigation, the Trex management team can now put this unnecessary distraction behind us and maintain our intense company-wide focus on enhancing Trex's operations and financial results."
William R. Gupp, Trex's vice president, general counsel and secretary, stated, "Since this case was commenced in 2001, we have been steadfast in our position that this case was completely without merit, and we aggressively defended it on that basis. This Court of Appeals decision provides finality on this case, which was time-consuming and costly, and we are very pleased to have prevailed."
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