Don Bauder 2:30 p.m., Aug. 1
Payment for Illumina's patent suit loss one of nation's largest
However, investors don't seem to be worried about $96 million judgment
On Thursday (March 14) a jury in Tacoma, Washington found that local biotech Illumina, maker of genetic analysis equipment, infringed the patent of Washington-based Syntrix Biosystems on synthetic matrix and array technology. The Washington company's law firm believes it could be the largest patent infringement award in state history. The Seattle Times said the $96 million award would have ranked as the ninth largest intellectual property verdict nationwide last year, according to the National Law Journal. Illumina's stock only took a wee hit from the verdict. The judge dismissed claims that the infringement was willful and that Illumina misappropriated Syntrix's trade secrets. Illumina plans to appeal.