Mintz has secured a significant and complete defense verdict for client Princeton CarbonWorks, Inc. in the U.S. District Court for the Southern District of Florida. The Connecticut-based bicycle wheel maker was accused of infringing two patents by competitor and industry giant SRAM, LLC.
The dispute culminated in a two-week trial in Miami, Florida, which ended when a nine-person jury reached a verdict of no infringement and no damages for Princeton CarbonWorks. The client was facing a $10 million claim of lost profits damages by SRAM, as well as the threat of injunctive relief.
This litigation was a true “bet-the-company” dispute for Princeton CarbonWorks, which was launched in 2017 by three former collegiate rowers and engineers who developed a line of unique carbon-fiber bike wheels. Based in Mystic, Connecticut, its wheels are used by cyclists worldwide, including by professionals at the apex of the sport in races like the Tour De France.
The Mintz IP team comprises more than 115 attorneys, patent agents, and technical advisors, and is recognized for success and in-depth expertise in patent litigation, patent monetization, IP transactions, patent prosecution and strategic counseling, trade secrets, and inter partes reviews. The team has a global practice with top-tier clients across all technology-driven industries, including semiconductors, biotechnology, data management, medical technology, telecommunications, auto manufacturing, software, and pharmaceuticals. We work strategically with our clients to identify and articulate their IP objectives, tailor their portfolios in support of those objectives, enforce rights globally where there is infringement, devise and implement defense strategies as necessary, and coordinate with global counsel to ensure efforts across international jurisdictions are harmonized.