Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Deere's Wirtgen wins $12.9 million from Caterpillar in road-construction patent trial

Published 02/22/2024, 10:05 PM
Updated 02/23/2024, 04:56 AM
© Reuters. Striking members of the United Auto Workers (UAW) picket at the Deere & Co farm equipment plant before a visit by U.S. Agriculture Secretary Tom Vilsack in Ankeny, Iowa, U.S. October 20, 2021.   REUTERS/Scott Morgan/ File Photo

By Blake Brittain

(Reuters) - Deere (NYSE:DE) & Co subsidiary Wirtgen America convinced a federal jury in Delaware on Thursday that construction rival Caterpillar (NYSE:CAT) must pay $12.9 million in damages for violating its patent rights in road-building technology.

The jury determined that Caterpillar's road-milling machines, which remove the surfaces of roads before repaving them, infringe five Wirtgen patents, a spokesperson for Wirtgen's law firm Sterne Kessler Goldstein & Fox said.

The jury also found that Caterpillar's infringement was willful, which could lead a judge to multiply the damages up to three times.

A Caterpillar spokesperson said that the company respects the jury's decision and will review its legal options.

Wirtgen said in its 2017 lawsuit that it owns a "large majority" of the U.S. road-milling machine market, while Caterpillar is a "minor player." Wirtgen accused Caterpillar of infringing its patents related to "cold milling," a technology used for rehabilitating road surfaces, and requested an undisclosed amount of monetary damages.

© Reuters. Striking members of the United Auto Workers (UAW) picket at the Deere & Co farm equipment plant before a visit by U.S. Agriculture Secretary Tom Vilsack in Ankeny, Iowa, U.S. October 20, 2021.   REUTERS/Scott Morgan/ File Photo

The company separately accused Caterpillar's machines of infringing its patents in a case before the U.S. International Trade Commission. The ITC banned imports of the machines in 2019, though U.S. Customs and Border Protection allowed redesigned versions to enter the country starting in 2021.

Caterpillar argued in the Delaware case that its machines do not employ Wirtgen's patented technology and that the patents are invalid. It has also countersued Wirtgen for infringing its own road-milling patents.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.