EVWorld Reports: Paice Corporation Settles Lawsuit with Toyota and Ford

One of my duties as a partner in www.EVWorld.com is occasional proofreading; every few weeks, Bill Moore asks me to review his newsletter, The Insider. I look forward to this, as it forces me to keep up on the news in electric transportation, and the proofreading requires almost no more time than would be consumed in simply reading Bill’s insightful writing. And frequently it makes me smile.

You may have noticed that last week brought us another wrinkle in the litigation in which Florida-based Paice Corporation sued Toyota and Ford Motor Company – a dispute involving Paice’s assertion that both the Toyota and Ford hybrid drive systems violate its patent and that it is entitled to compensation.

When I came across this sentence: As you might imagine, Toyota certainly wasn’t happy about the Texas jury’s decision, nor when they lost their apparel to the U.S. Supreme Court, it took we a few seconds to discern what Bill had intended. They lost their shirts, perhaps? No, I ultimately realized that what they had lost was their appeal, not their apparel.

So what was the news? None of the parties in the lawsuit will say how they settled, but Bill thinks “we can safely assume that Paice and its attorneys broke out bottles of bubbly last week, even if they it means they’ll likely never do business in Detroit again.”