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October 11, 1990 | JANE APPLEGATE, TIMES STAFF WRITER
Refac International Ltd., a New York City firm known for aggressively suing thousands of big and small companies to protect its patents, lost a major lawsuit it filed against 118 Southern California companies selling products with liquid crystal displays. The federal appeals court ruling is significant because Refac's critics claim the company practices a form of legal extortion by suing manufacturers, distributors and even consumers in its quest to collect royalties.
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BUSINESS
October 11, 1990 | JANE APPLEGATE, TIMES STAFF WRITER
Refac International Ltd., a New York City firm known for aggressively suing thousands of big and small companies to protect its patents, lost a major lawsuit it filed against 118 Southern California companies selling products with liquid crystal displays. The federal appeals court ruling is significant because Refac's critics claim the company practices a form of legal extortion by suing manufacturers, distributors and even consumers in its quest to collect royalties.
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