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Acushnet Company
Acushnet Company Continues Appeal Process in Pro V1 Patent Dispute
January 9th, 2009
Acushnet Company, the golf business of Fortune Brands, Inc. (NYSE: FO), announced that it will move forward with the appeals process following denial of its request for a stay of an injunction regarding certain Titleist Pro V1 golf balls. The company announced that it does not expect today’s ruling or the injunction, scheduled to take effect January 1, 2009, to have a material adverse impact on its results and reaffirmed its confidence that it will ultimately win its appeal of the verdict in the underlying patent dispute. "This decision will not interfere with Titleist’s ability to continue to manufacture, distribute and sell Pro V1 golf balls,” said Joe Nauman,...
Source: Health Business Week (2009-01-09)
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