October 24, 2008

Kraft Settles Patent Suit Brought by Green Mountain Coffee Roasters and Keurig

kraftgreenmountain_makeup.jpg

We ran a story last year regarding this lawsuit, and it looks like things have cleared up in the form of a one time payment from Kraft to Green Mountain/Keurig to the tune of $17 million. This will give Kraft a perpetual license to use the single-serve technology at the center of the legal dispute (which is basically the puncture mechanism). Both sides consider the settlement to be "an efficient and pragmatic way to resolve their patent dispute" and "in the best interests of their respective businesses and shareholders."

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Posted by Jay Brewer at October 24, 2008 9:44 AM
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