U.S. judge rejects damages claim - Electronic Design Europe

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[Upfront]
U.S. judge rejects damages claim

Paul Whytock
ED Online ID #17042
August 23, 2007

Leuven, Belgium: The County District Court in Dallas, Texas, USA, has ruled that there were no grounds for a damages claim by the shareholders of Rose Research against the Belgiumbased semiconductor research centre IMEC. With this judgement, IMEC will not be held responsible for the financial losses supposedly incurred by the shareholders of Rose Research due to the failing of Rose Research in the commercialisation of a technology.

Since the end of 2003, a complaint has been pending filed by the shareholders of Rose Research—an investment company from Dallas with Belgian roots—against, among others, IMEC. The judge has now upheld the jury’s verdict of 20 March of this year.