Bloomberg News

Teva, Mira, Sherwin-Williams, Pot Shops: Intellectual Property

March 04, 2014

Teva Pharmaceutical Industries Ltd. (TEVA) will challenge a Delhi High Court Ruling dismissing its patent suit against Natco Pharma Ltd. (NTCPH) of Hyderabad, India, the Hindu newspaper reported.

Petach Tikva, Israel-based Teva sought a court order barring export of Natco’s multiple-sclerosis drug, claiming the making of the product infringed an Indian patent, according to the Hindu.

Natco has an alliance with Mylan Inc. (MYL:US) to market the drug outside India, according to the Hindu.

Mira Telecom Patents Allegedly Ineffective Bomb-Finding Tool

Mira Telecom Srl, a Romanian maker of telecommunications equipment, received a European patent on a bomb-detection technology that prosecutors in a U.K. fraud case claimed is ineffective and lacking a scientific foundation, the BBC reported.

The technology was at issue in the trial of a U.K. businessman who got a 10-year sentence for selling allegedly fraudulent bomb detectors based on golf-ball finders, according to the BBC.

The Romanian scientist named on the patent as inventor of the disputed technology testified at the fraud trial that the devices he sold worked well, according to the BBC.

For more patent news, click here.

Trademark

Sherwin-Williams Seeks to Halt Valspar’s Use of ‘Optimus’

Sherwin-Williams Co. (SHW:US), the Cleveland-based paint maker, accused Valspar Corp. (VAL:US) in a lawsuit of infringing its “Optimus” trademark.

Sherwin-Williams objected to an application to register “Valspar Optimus” with the U.S. Patent and Trademark Office. The company said in a lawsuit filed Feb. 28 in Cleveland that it sent a cease-and-desist notice to Minneapolis-based Valspar, which continued to use the mark in interstate commerce.

Sherwin-Williams asked for a court order barring Valspar’s use of the Optimus name. It’s also seeking money damages and to recover any profit Valspar made in connection with the alleged infringement.

Valspar didn’t respond immediately to an e-mailed request for comment on the lawsuit.

The case is Sherwin-Williams Co. v. Valspar Corp., 1:14-cv-00473, U.S. District Court, Northern District of Ohio (Cleveland).

For more trademark news, click here.

For copyright news, click here.

Trade Secrets/Industrial Espionage

‘Cover Oregon’ Investigation Bumps Up Against Oracle Secrets

Cover Oregon is the only state health-insurance exchange lacking an online portal accessible for public sign-up, and officials’ attempts to investigate the problem have been met with a refusal by Oracle Corp. (ORCL:US), the main contractor on the project, the Associated Press reported.

Oracle would let independent investigators working for the state interview only one of the six company employees from whom they were seeking information, according to AP.

Although a report of what the investigation uncovers will be released, information Oracle considers a trade secret won’t be included, AP said.

Colorado Pot Shops Keep Mum About Their Banks’ Identities

Owners of marijuana shops in Colorado that have bank accounts are refusing to share the names of those institutions with competitors, saying such information constitutes a trade secret, the Denver Post reported.

This is leaving many recreational marijuana shops unable to conduct anything but an all-cash business, according to the newspaper.

While recent changes in federal guidelines have made it slightly easier for banks to do business with marijuana-oriented businesses, many are still leery of these types of customers or the unwanted publicity they might bring, the Post said.

To contact the reporter on this story: Victoria Slind-Flor in San Francisco at vslindflor@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


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Companies Mentioned

  • MYL
    (Mylan Inc/PA)
    • $48.41 USD
    • 0.28
    • 0.58%
  • SHW
    (Sherwin-Williams Co/The)
    • $217.47 USD
    • -0.66
    • -0.3%
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