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US District Court Affirms Prior Ruling Effectively Barring CTC Global From Pursuing Patent Claims Against Mercury Cable
DANA POINT, CA, Oct 10, 2013 (Marketwired via COMTEX) --
Mercury Cable & Energy, Inc., the leading developer of High Voltage
Composite Reinforced Conductors ("HVCRC") for electrical transmission
lines, is pleased to announce that the U.S. District Court has
granted Mercury Cable's motion to stay the patent lawsuit filed by
CTC Global in its entirety, thereby affirming its prior decision and
effectively barring CTC Global (the successor to twice bankrupt CTC
Cable) from continuing its patent lawsuit against Mercury Cable.
On August 11, 2011, CTC Cable's Bankruptcy Court approved the sale
and assignment of the patents-in-suit to CTC Global Corporation, CTC
Cable remains in an ongoing bankruptcy.
In its Order dated October 4th 2013, the Court stated: "Despite
Plaintiff's protestations to the contrary, the Court finds that the
present action is an attempt to circumvent the stay that this Court
imposed, at CTC Cable's request, in the related matter, and an
attempt to seek reconsideration, again, after this Court twice denied
CTC Global the requested relief. CTC Global has presented no evidence
or argument that would weigh in favor of reconsideration and CTC
Global cannot bypass an order of the Court by creating parallel
litigation regarding the same patents and making the same
infringement claim. A new case number does not lift a stay."
Mercury Cable's legal counsel is continuing its investigation of
claims for damages against CTC Global for Tortious Interference and
Inequitable Conduct.
A complete copy of the Courts order may be viewed at our website
www.mercurycable.com or on the PACER system for accessing Federal
Court documents at www.pacer.gov (Case No. SACV09-0261 DOC (MLGX)
Mercury Cable & Energy is a privately held developer of High Voltage
Composite Reinforced Conductors (HVCRC), Smart Conductors for the
Smart Grid. The patented HVCRC Smart Conductor is superior to
existing conductors in a number of key performance areas including:
-- Up to double the current carrying capacity of ACSR
-- Substantially reduces high temperature sag
-- Requires fewer structures for new line construction
-- Increases capacity of existing rights of way and structures through
retrofitting
-- Eliminates bimetallic corrosion
-- Significantly reduces line losses compared to same diameter
conventional and composite conductors at equal operating temperatures
For additional information please visit our web site at
www.mercurycable.com.
Contact:
Mercury Cable & Energy
Todd Harris
President
949-276-5375
Email Contact
SOURCE: Mercury Cable & Energy
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