Which makes me wonder. If the awarded monies were, in fact,
based on jury awards pertaining to that early "Cancer
Detection" patent ... then it would be Dr. Damadian's personal
money to keep, not FONAR's. I just looked up Dr. D patents at
"patents.womplex.ibm.com" (use that URL and Search on "Damadian"), the IBM patent database. I saw the 1974 patent was never assigned to FONAR Corp, but remained personal property. Will he turn money over to FONAR for company development?
The scope of this speculative pondering certainly rivals any hyperbole that regulars on this board have been accused of spouting. Perhaps if you viewed some of the press releases on Fonar's site (such as fonar.com ) you might agree that it was Fonar that sued G.E and Fonar that received the money.
MELVILLE, NEW YORK - October 6, 1997 -
FONAR Corporation (FONR-NASDAQ) reported today that the United States Supreme Court announced its decision to deny General Electric Company's certiorari petition (Case No. 97-230) in FONAR's patent infringement lawsuit. Previously, in May 1997, the United States Court of Appeals for the Federal Circuit and Supreme Court Chief Justice William H. Rehnquist denied GE's motion to stay the judgment pending its appeal to the Supreme Court and, as a result, GE paid FONAR $128.7 million in damages, including interest, for infringement of FONAR's Multi-Angle ObliqueT (MAO) and Cancer DetectionT patent. With the denial by the Supreme Court of GE's petition for a writ of certiorari today, GE has no further recourse and any remaining uncertainty as to FONAR's right to retain the full amount of the award has been eliminated....
You may have been following this, but were you paying attention?
Michael
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