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Largan settles IP suit against Ability
By Angelica Oung / Staff reporter
Largan Precision Co (大立光), the nation’s biggest supplier of camera lenses, has settled a lengthy litigation battle with smaller rival Ability Opto-Electronics Technology Co (先進光電), according to statements that the companies filed with the Taiwanese Stock Exchange yesterday.
“We have signed a confidential settlement agreement,” Largan said in its statement. “Per the agreement, we will withdraw all litigation against Ability.”
Details of the settlement are not to be disclosed to protect the privacy of individuals involved, the Taichung-based firm added.
Largan Precision Co CEO Adam Lin is pictured on Jan. 10 last year.