Philips has scored another win in their ongoing legal battle with Princo. According to DigiTimes, the Taiwan Intellectual Property Court (IPC) has determined that Princo shall pay a total of 7.606 billion yen (US$77.6 million) to Philips for CD-R royalty fees and interest due to delay in payment.
The Taiwan Intellectual Property Court (IPC) on April 23 determined that Princo, a Taiwan-based maker of blank optical discs, shall pay a total of 7.606 billion yen (US$77.6 million) to Royal Philips Electronics for CD-R royalty fees and interest due to delay in payment, according to the court.
Because Princo defaulted on CD-R royalty payment for the period from the fourth quarter of 1997 to the fourth quarter of 1999 (Philips terminated CD-R licensing in the first quarter of 2000), Philips launched legal proceedings against Princo at a district court in northern Taiwan to claim the payment, according to industry sources.
