Advanced Medical Optics Inc. said Monday that a district court judge upheld a patent judgment against rival Alcon Inc. that entitles the Santa Ana-based company to $213.9 million in damages.
Fort Worth, Texas-based Alcon said it was disappointed with the ruling and is planning to appeal. Alcon employs more than 500 people in Irvine.
Advanced Medical initially filed its lawsuit, which concerned two patents held by the device maker for equipment used in cataract surgery, back in late 2003.
In May, a jury awarded Advanced Medical $94.8 million in damages for lost profits and reasonable royalty fees through February.
Subsequently, the trial judge ruled that Advanced Medical didn’t sufficiently mark its patents on the equipment and reduced the award to $71.3 million.
The decision sent Alcon’s shares down 5% to $13 in midday trading on the New York Stock Exchange. Advanced Medical’s stock was flat at $42.39 in midday trading on NYSE.
