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Hitachi Settles ITC Suit Over Rare-Earth Magnet Patents

By Linda Chiem ( May 13, 2013, 1:23 PM EDT) -- Maxon Precision Motors Inc. has agreed to settle claims brought by Hitachi Metals Ltd. alleging the drive technology company imported products containing rare-earth magnets covered by Hitachi's patents, according to documents filed Friday with the U. S. International Trade Commission. . . .

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