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2007-11-27

Michelin, Double Coin Reach Settlement

Michelin North America and China Manufacturers Alliance have entered into a settlement agreement resolving MNA’s claims of infringement of intellectual property rights.

Financial terms of the settlement were not released.
The U.S. settlement follows a resolution between Groupe Michelin and Shanghai Tire & Rubber (Group) Co. on multiple intellectual property litigations in various countries.

In return for Michelin dropping its legal actions for patent infringement and other issues, STRC and its related companies agreed they would change the tread patterns on relevant Double Coin and Dyna Trac brand tires.
STRC said that it and its affiliates also removed all versions of Michelin-copyrighted content from their respective Web sites.

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