Astar Assets Frozen by California Federal Court for Philips
$80 Million Bond for Patent Infringement of Philips DVD Products
U.S. Philips Corporation v. KXD Technology, Inc., et al.
Case No. CV 05-8953 ER (PLAx)
In an action for patent infringement, U.S. Philips Corporation filed a lawsuit in the U.S. District Court for the Central District of California against defendants Astar Electronics, Inc., Shenzhen Kaixinda Electronics Co. Ltd., Shenzhen KXD Multimedia Co. Ltd., KXD Technology, Inc., and KXD Digital Entertainment Ltd., and Jingyi "James" Luo, among others, based on their unauthorized sale and distribution of DVD players incorporating Philips' patented technology. On August 3, 2007, after already striking the defendants' answers and entering default, the court ordered the defendants to post a prejudgment bond in the amount of $80 million. The court's order required that all of the defendants' assets, including any real property and bank accounts located in the United States, be immediately frozen until the bond is posted. This order is a significant victory for patent owners that need to ensure the defendants' assets are available at the time of judgment.
Description of Prejudgment Bond:
Prejudgment BondList of KXD Assets and Accounts Frozen:
Assets and Accounts Frozen
