Hewlett-Packard Applied for False Seizure of Assets

Hewlett-Packard  has applied to the court for the fake seizure of Guangming assets. It is also required Guangming to pay a daily fine of $ 50,000 (about NT $ 1.5 million) if it there is violation of law regulations; Guangming had filed an objection with the court and was not executed, but the move has added variables to the second instance.

According to reports, HP applied to the US court for false seizure of Guangming assets. Guangming stated in the request filed with the US Federal Court that the transfer of relevant patent rights and trademarks to HP still requires the approval of the board of directors. Without the approval of the Houston Court of the United States, it will not Dispose of any asset valued at more than US $ 100,000.

Hewlett-Packard pursued Guangming, and Guangming faced the battle head-on. The first-instance judge ruled that Guangming needed to compensate HP 3 times the compensation. After deducting the related expenses, Guangming had to pay 439 million US dollars, due to the severe impact, Guangming appealed, and the two parties submitted appeals and defenses before the end of last month, and the whole case entered the stage of second instance.

In 2013, HP filed antitrust lawsuits against Sony, Toshiba, Hitachi-LG Data, Panasonic, NEC, Samsung, Guangming and its subsidiaries for the price of optical disc drives from 2004 to 2009. Except for Guangming, the rest of the companies have successively settled with HP. The jury found that the judge of the first instance ruled that Guangming needed to compensate Hewlett-Packard, and Guangming reiterated the defense of the company and its shareholders.

Guangming emphasized that only for customer OEMs and unhandled terminal prices, the US Department of Justice and the Taiwan Fair Society have determined that Guangming and its subsidiaries have not violated the unfair competition laws of the United States or Taiwan, nor have they been disciplined. The company’s business model for dealing directly with HP is different.

 

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Summary

Hewlett-Packard  has applied to the court for the fake seizure of Guangming assets. It is  also required Guangming to pay a daily fine of US $ 50,000 (about NT $ 1.5 million) if it there is  violation law regulations; Guangming had filed an objection with the court and was not executed, but the move has added variables to the second instance.

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