Radica(R) Games Limited Reports Successful Legal Action Against Intellectual Property Infringement
HONG KONG, July 22 /PRNewswire/ -- Radica Games Limited (Nasdaq: RADA - news), a leading developer, manufacturer and distributor of popular handheld electronic games, reported today that its two subsidiaries Radica UK Limited and Radica China Limited successfully obtained a
High Court Order against two Defendants Naseem Akbar and Toptrade International (UK) on 17 June 1999 in the United Kingdom.
At the hearing the Defendants undertook to the Court that they would not infringe copyright in Radica's Bass Fishin' and Lake Trout Fishin' games.
The Court ordered that they deliver up to Radica for destruction all stock of infringing products and disclose full details of their suppliers and parties to whom the Defendants sold or offered to supply
such games. The Defendants will now have to furnish full details of their dealings including number supplied, prices, delivery notes, invoices and other such documentation. Radica can then elect for
there to be an inquiry as to damages or an account of profits. The Defendants will have to pay Radica all sums found on a future inquiry or account together with interest.
The Defendants were required to pay virtually all of Radica's costs given their conduct in this action.
David Howell, Chief Financial Officer and Director of Radica Games Limited and Bina Cunningham, a Partner at Willoughby & Partners -- Legal Advisor to Radica -- confirmed that the decision showed Radica's continued commitment to policing and defending its Intellectual Property Rights throughout the world. The success story of Radica's games has led to many counterfeit products being manufactured and sold. In each instance Radica has been successful against such infringers. Radica Games Limited (Radica) is a Bermuda company headquartered in Hong Kong. Radica is a leading developer, manufacturer and distributor of electronic handheld and table top games. Radica has subsidiaries in the U.S.A., Canada and the U.K., and a factory in Dongguan, Southern China. More information about Radica can be found on the Internet at ''www.radicagames.com.''
SOURCE: Radica Games Limited
Another copycat bites the dust...
As and stock continues to bite the dust.
chris |
