Eastman Kodak has won almost $76 million from Ricoh Co Ltd following a patent dispute, according to reports in the United States.
The legal fight partly centred on ‘back royalties’ Kodak said it was owed when Ricoh bought Pentax two years ago, reports the Rochester Democrat and Chronicle.
An Eastman Kodak spokesman told Amateur Photographer (AP): ‘Kodak is gratified that both the judge and jury have validated our contract claim.
‘These decisions certainly also demonstrate the value of the technology that Kodak created.’
Ricoh had yet to respond to a request for comment when contacted by AP.
Ricoh agreed to the payout ahead of the start of a trial this week, where the jury reportedly ruled in Kodak’s favour.