A small Runcorn-based company that got $150 million out of Samsung is suing another South Korean electronics giant, this time LG, for using its technology without permission.
Nanoco, a tiddler listed on the London Stock Exchange worth only £17 million, has filed a lawsuit in Texas, alleging that LG has been using Nanoco’s patented cadmium-free dot technology in its televisions.
It made the same claims against Samsung, which ultimately ended up paying $150 million in 2023 as part of a “no fault” settlement agreement.
“Nanoco alleges that the defendants (LG) have wilfully infringed the company’s patents and seeks a permanent injunction from further acts of infringement and monetary damages,” Nanoco said in a statement to its shareholders.
At this stage Nanoco has not set out
