Legal Proceedings
−Removed: On October 15, 2018, Varex Imaging Corporation (“Varex”) filed its original Complaint (Case No.
−Removed: 1:18-cv-06911) against Richardson Electronics, Ltd.
−Removed: (“Richardson”) in the Northern District of Illinois, which was subsequently amended on November 27, 2018.
−Removed: Varex alleged counts of infringement of U.S.
−Removed: 6,456,692 and 6,519,317.
−Removed: Subsequently, on October 24, 2018, Varex filed a motion for preliminary injunction to stop the sale of Richardson’s ALTA750 TM product.
−Removed: Richardson filed an opposition to the preliminary injunction.
−Removed: In January 2019, the Court took evidence on the preliminary injunction issue.
−Removed: On September 30, 2019, the Court denied Varex’s Motion for Preliminary Injunction.
−Removed: On August 6, 2020, Varex amended its Complaint to add claims of trade secret misappropriation and Richardson moved to dismiss that Amended Complaint on September 9, 2020.
−Removed: On April 2, 2021, as part of an overall settlement where Richardson did not admit liability but wanted to move forward, Richardson agreed to pay Varex $1.6 million to settle this matter, which was recorded in selling, general and administrative expenses within the Consolidated Statements of Comprehensive Income (Loss).
+Added: On April 2, 2021, as part of a settlement where the Company did not admit liability, Richardson agreed to pay Varex Imaging Corporation (“Varex”) $1.6 million to settle alleged counts of patent infringement and claims of trade secret misappropriation.
+Added: This settlement was recorded in selling, general and administrative expenses within the Consolidated Statements of Comprehensive Income for the third quarter of fiscal 2021.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.