News Article
Intellectual property
Rudolph Technologies and August Technology have fully settled commercial litigation between the companies filed on September 23, 2003.
Rudolph Technologies and August Technology have fully settled commercial litigation between the companies filed on September 23, 2003. The dispute arose from a 1997 development agreement between ISOA, which was acquired by Rudolph in 2002, and STI, a company acquired by August Technology from ASTI Holdings in 2003. Under the terms of the settlement, both companies and their subsidiaries have agreed to dismiss with prejudice all claims against each other that arose out of the development agreement. Rudolph will receive a one-time payment of $502,500 from ASTI Holdings. All parties involved have denied liability to opposing parties.