Litigation Update
Sterlite Technologies Wins Key European Patent Appeal, Bringing UK Litigation to a Close
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Sterlite Technologies Limited (STL) has announced a significant legal victory after the Technical Board of Appeal of the European Patent Office (Germany) revoked Fujikura’s European Patent EP3796060 in its entirety. The non-appealable decision effectively concludes the UK patent infringement litigation relating to STL’s Celesta cable family, with the company now pursuing recovery of legal defence costs.
PRICE-SENSITIVE TRIGGER
Event: Update on pending patent litigation under Regulation 30 of the SEBI (LODR) Regulations.
Type: Litigation Update
Impact: Positive
Immediate Effect: The complete revocation of Fujikura’s patent removes the legal basis for the UK patent infringement proceedings involving STL’s Celesta cable products, effectively ending the litigation.
highlight:
- The disclosure contains no financial information. However, the favourable legal outcome may reduce future litigation-related costs, while the company has initiated recovery of legal defence expenses.
What Happened ?
Sterlite Technologies informed the stock exchanges that the Technical Board of Appeal of the European Patent Office, Germany, has revoked European Patent EP3796060, owned by Fujikura Ltd. and Fujikura Europe Limited, in its entirety.
The revoked patent had formed the basis of patent infringement litigation in the United Kingdom involving STL’s Celesta cable family. Since the Board’s decision is non-appealable, the litigation has formally concluded in STL’s favour.
Following the ruling, the company has initiated steps to recover legal defence costs incurred during the proceedings.
Key Details
Litigation Parties:
- Opposing Parties:Â Fujikura Ltd. and Fujikura Europe Limited.
- Forum:Â Technical Board of Appeal, European Patent Office (Germany).
Litigation Outcome:
- European Patent EP3796060 has been revoked in its entirety.
- The decision is final and non-appealable.
- The ruling formally concludes the UK patent litigation involving STL’s Celesta cable family.
Post-Judgment Actions:
- STL is pursuing recovery of legal defence costs from Fujikura.
- No settlement has been reported.
- No compensation or penalty has been disclosed.
Note:
- The company confirmed that there are no proceedings involving key management personnel or promoters relating to this matter.
Risk Analysis
Summary:
- The principal patent dispute has been resolved in STL’s favour through a final, non-appealable decision. The remaining activity is limited to recovery of litigation costs.
Key Risks:
- Recovery of legal defence costs may depend on subsequent legal processes.
- No monetary claim or recovery amount has been disclosed.
- Any future intellectual property disputes would be separate from this concluded matter.
Worst Case:
- If recovery proceedings are unsuccessful, STL may not recover all legal defence expenses despite prevailing in the litigation.
Risk Level: Low
Company Commentary
- The European Patent Office’s Technical Board of Appeal has revoked Fujikura’s patent EP3796060 in full.
- The decision formally ends the UK patent litigation concerning STL’s Celesta cable family.
- STL is actively pursuing recovery of legal defence costs from Fujikura.
Official Exchange Filing: Sterlite Technologies Limited
