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A 15-year legal battle that lasted more than a decade is now over, the long-time combatants, Husky Injection Molding Systems and Mold & Hotrunner Technology, announced 9 June.
Husky and MHT announced “a joint agreement to settle all pending disputes regarding issues concerning trade secrets,” according to a news release issued by the companies. “After many years of litigation, Husky and MHT have decided to amicably resolve any differences relating to this dispute. The terms of the settlement are confidential and both Husky and MHT look forward to closing this chapter to continue focusing on their respective businesses.”
The agreement came after “many months of discussions,” the statement said.
Husky is based in Bolton, Ontario, Canada. MHT is based in Hochheim, Germany.
Mold & Hotrunner Technology was founded in 1996 by former employees of Husky’s preform mold plant in Wiesbaden, Germany. Husky had closed the factory earlier that year and moved the mold operation into its manufacturing plant in Luxembourg.
Husky had claimed that MHT took secret Husky computer-aided-design files when it created its own preform moulds. MHT denied that.
Husky filed a lawsuit against MHT in 2001. The first court ruling in the legal skirmish came in 2003.