Lakeland Manufacturing Company has a patent on a high-pressure hydraulic valve. The valve is a major improvement in high-pressure hydraulic systems, and Lakeland has enjoyed a monopoly position in this product since its development several years ago. During the last twelve months, Davis Manufacturing has been making and selling a very similar valve that Lakeland believes is violating its patent on the high-pressure valve. Lakelands sales for the first three years of the product were $10,000,000, $12,000,000, and $14,400,000 respectively. Product profitability for the same three years was $4,000,000, $5,000,000, and $6,250,000 respectively. In the current year that just ended, sales and profitability for the product were $14,000,000 and $5,500,000. Lakeland manufacturing alleges Davis Manufacturing sales of its high-pressure valve is clearly an infringement of Lakelands patent rights and it has caused Lakeland to lose sales and profits. Davis sales during the year just ended were $6,500,000 with profit of $2,000,000. 

 

 102. Using the facts in question, assume the court finds that Lakelands allegations of patent infringement are true. Key components of Lakelands damage calculations would include all of the following except: 

 

 103. Using the facts in question , assume that absent the patent infringement of Davis Manufacturing, Lakeland would have continued its sales and profit growth. What is the amount of damages suffered by Lakeland during the year just ended caused by the patent infringement? 

 

104. Describe and explain the normal flow of events when a whistle-blower starts a Federal False Claims Act case. Typically what is the relationship between the U.S. Government and the whistle-blower?

105. You have been hired as an expert witness in a federal antitrust case. You are planning your strategy for determining whether or not your client (the defendant in the case) has engaged in predatory pricing. How will you get started? In general what is your strategy? What must you do to successfully defend your client?

106. Describe the nature of intellectual property. What are the challenges for forensic accountants working on intellectual property cases?

 

Answer rating: 100% (QA)

102 Key components of Lakelands damage calculations would include all of the following except Lost sales due to Davis Manufacturings patent infringeme... View the full answer