PCT has been in bankruptcy proceedings in the United States since November 2019. PCT's debts to EZconn arise from prior lawsuits in which PCT alleged that EZconn copied PCT's technology and misused PCT's confidential information.
After reviewing PCT's allegations and evidence, the court not only entered judgment for EZconn but also awarded EZconn’s attorneys’ fees incurred to defend against PCT’s claims, which the court held lacked merit and were not tenable. The court also awarded more than US $9.4 million to EZconn for product that PCT had ordered and accepted but did not pay for. EZconn’s judgments were upheld on appeal.
Allen Chuang, spokesperson and CFO of EZconn, said, "PCT's patent invalidation action was just another baseless effort to falsely accuse EZconn and deflect attention from PCT's self-imposed business failures. We are gratified that the Taiwan Intellectual Property Office sustained the validity of EZconn's patent and rejected PCT's arguments, just as the United States court rejected them. Rather than squandering resources on relitigating meritless allegations against EZconn, PCT should focus on turning its business around and paying its creditors."
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