Aristocrat, Light & Wonder Bury the Hatchet with New Settlement
Aristocrat and Light & Wonder have settled their intellectual property dispute for $127.5 million, ending months of litigation.Summary
Aristocrat Leisure Limited and Light & Wonder have reached a settlement, resolving their legal battle over intellectual property rights. The dispute centered around Light & Wonder’s Dragon Train and Jewel of the Dragon games, which Aristocrat claimed utilized its trade secrets and copyrighted material. As part of the agreement, Light & Wonder will compensate Aristocrat $127.5 million and cease commercialization of both games globally, also agreeing to destroy related documentation and refrain from future use of Aristocrat’s mathematical information. Aristocrat will dismiss its claims against Light & Wonder. Both companies emphasized the importance of protecting intellectual property and fostering innovation within the gaming industry. Trevor Croker, CEO of Aristocrat, stated the settlement demonstrates their commitment to protecting their intellectual property, while Matt Wilson, CEO of Light & Wonder, expressed regret for the actions of a former employee and reaffirmed the company’s dedication to ethical business practices.
(Source：Gamblingnews)