CREE: Two lawsuits:
*DJ Cree Lighting Co Files Patent Infringement Suit Against AXT, Inc.11 Jun 07:56
*DJ Cree Unit Patent Suit Relates To Semiconductor Devices
Cree Inc.'s (CREE) Cree Lighting Co. unit filed a lawsuit against AXT Inc. (AXTI) alleging infringement of a patent
covering semiconductor devices made using a gallium nitride-based buffer technology.
The lawsuit, filed in U.S. District Court for the Northern District ofCalifornia, seeks damages and an injunction against infringement. In a press release Wednesday, Cree said the patent is owned by Boston University, a co-plaintiff, and licensed exclusively to Cree Lighting.
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DURHAM, N.C., June 13 /PRNewswire-FirstCall/ -- Cree, Inc. (Nasdaq: CREE), announced today that a lawsuit has been filed in federal district court in Greensboro, North Carolina by former Cree CEO and current part-time employee, Eric Hunter, and his wife, Jocelyn Hunter. The suit names Neal Hunter, Eric Hunter's brother and current Cree Chairman, and Cree, Inc. as defendants. Based upon its preliminary review, the company believes that the allegations are without merit and arise in part from personal and family matters. It intends to defend the case vigorously.
The complaint alleges that the defendants have defamed Eric Hunter by making unspecified false statements about him to members of his family and individuals associated with Cree. It also asserts that beginning in August 1995 the defendants violated employment and federal securities laws and have sought to discourage the plaintiffs from pursuing legal remedies or reporting matters to securities regulators. Eric Hunter and his wife seek personally to recover damages in excess of $3 billion for unspecified harm resulting from the alleged conduct of the defendants, as well as an injunction against future harassment. |
