Stretch film maker Paragon Films, Inc. filed a patent infringement lawsuit against competitor Malpack Ltd. and Malpack’s U.S. business unit in September 2012, in the U.S. Federal District Court for the Middle District of Tennessee, Nashville Division. The lawsuit sought a ruling that Malpack’s VMax2 product directly infringed upon Paragon’s U.S. Patent No. 8,221,298. Paragon and Malpack have now agreed to settle the dispute. Pursuant to the agreement, Malpack has ceased manufacturing and selling its VMax2 film in North America. The other terms of the settlement agreement are confidential.
Paragon has a track record of innovation and commercial success derived from an extensive portfolio of patented and patent-pending inventions. Mike Baab, Paragon’s President and CEO, stated, “Paragon is an innovation leader in the stretch film market. Due to our pioneering technology that allows us to produce stretch film in a one-stage (in-line) process, we can provide high-quality film to our customers at an economic advantage over our competitors’ products. We are pleased to have amicably resolved this dispute and will continue to tenaciously protect our intellectual property rights throughout the industry. ”