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Thursday, May 24, 2012
News Making Money

Motorola Solutions, Lemko Corp. Jointly Announce Settlement of All Pending Litigation

02/02/2012 01:56 (112 Day 00:51 minutes ago)

The FINANCIAL -- Motorola Solutions, Inc. and Lemko Corporation announced that they have entered into an agreement to settle all pending litigation between them, according to Motorola Solutions.

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Motorola Solutions had sued Lemko, Xiaohong Sheng, Shaowei Pan, Xiaohua Wu, Xuefeng Bai, Nicholas Labun, Bohdan Pyskir, Hechun Cai, Jinzhong Zhang, Ankur Saxena, Raymond Howell, Faye Vorick and Nicholas Desai in litigation pending in the Chicago federal district court. Lemko, Shaowei Pan, Xiaohua Wu and Xiaohong Sheng filed counterclaims against Motorola Solutions in that case and Lemko brought separate actions in Illinois state court against Motorola Solutions and Motorola Mobility.

All claims in these pending lawsuits have been dismissed with prejudice.

"We have resolved our differences in the litigation amicably," remarked a Motorola Solutions' spokesperson.

"We are pleased, with the resolution of these cases, that Lemko can now focus all of our energies to growing our business by providing our customers with innovative communications solutions," said Nicholas Labun, Lemko's CEO.

 

 

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