A federal judge in California has ordered Cochlear Ltd. (ASX:COH) to pay $268 million — double a jury’s previous award — to the Alfred E. Mann Foundation in a patent dispute.
The foundation, named for one of the inventors of cochlear implant technology, sued Australia-based Cochlear in 2007, alleging infringement of a pair of patents covering the hearing implant technology. The foundation licensed the patents to Advanced Bionics.