Chicago is My Home

10
Jun

Motorola Named in New Lawsuit Alleging Fraud, Theft of Intellectual Property

Author: Adam Fendelman, Category: Technology

SCHAUMBURG, Ill. – Wireless broadband company Memorylink filed a lawsuit on Monday against former business partner Motorola.

The lawsuit accused Schaumburg, Ill.-based Motorola of profiting from stolen video technology. Memorylink first connected with Motorola in 1997 and worked with the company to develop wireless video technology until 2003.

The lawsuit alleges that Motorola, which is named in the patent for the contested technology, has profited from Memorylink’s inventions but has not paid the Neenah, Wis.-based company any royalties.

“We tried our best to settle this matter amicably with Motorola to the best interests of both companies, but to no avail,” said Memorylink CEO Jon Hard in a Monday statement. “This left Memorylink with no choice but to file the claim against Motorola since we have a fiduciary obligation to our shareholders to get value from what we invented.”

Memorylink is seeking to regain absolute patent rights for the invention and to be paid for the profits Motorola has reaped over the years from the widely used technology. A Motorola spokesperson said on Monday the company has acted in good faith with Memorylink and has remained in compliance with the written agreements between the two companies.

By Megan O’Neil