Baker Hughes wins patent infringement suit
Written on May 8, 2010
Baker Hughes Inc. has won a trade infringement lawsuit against Varel International Energy Services over a drill bit design.
Houston-based Baker Hughes (NYSE: BHI) was the plaintiff against the Dallas-based drill bit maker, alleging the company copied one of its designs.
According to a statement by Baker Hughes' representing law firm, Locke Lord Bissell & Liddell LLP, Baker has been awarded "several million" dollars in damages.
Michael Sutton of Locke Lord Bissell & Liddell's Houston office led the team representing Baker Hughes. Sutton is a partner at the firm and co-chair of its intellectual property department.
Earlier this year, Ion Geophysical Corp. was awarded a $25.2 million verdict in its own patent infringement lawsuit. Houston-based Ion (NYSE: IO) was also represented by Locke Lord Bissell & Liddell.
Filed in: business.