USA: Simula Settles Litigation With Autoliv
Simula, Inc. (NYSE:SMU - news) has announced that it has settled its disputes with Autoliv Inc. (NYSE:ALV - news). The pending US litigation and international arbitration proceedings will be dismissed as part of an agreement made between the parties to resolve their legal dispute that commenced in 1998. The proceedings centered around a license agreement between the parties and allegations of unfair competition, patent infringement and breach of contract.
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