Monday, 30 June 2014 17:10

LKQ and Chrysler Agree on Design Patent Suit

LKQ Corporation and Chrysler Group LLC entered into a Patent License Agreement whereby LKQ has been granted a license under certain Chrysler design patents in connection with LKQ's distribution and sale of aftermarket collision parts in the United States.

As part of the agreement, Chrysler will dismiss the complaint it filed in January 2014 against LKQ alleging that the distribution of certain aftermarket parts by LKQ infringed Chrysler's design patents relating to its Dodge Ram pickup truck. As a result, an amicable resolution of this matter has been reached.