A South Korean company sued Procter & Gamble Co. (NYSE: PG) this week, claiming the consumer products maker infringed on two patents when it sold a version of its popular at-home tooth whitening products, according to Associated Press.
MicroCap Insider is a web-based financial portal that publishes a free penny stock newsletter providing stock alerts on companies positioned to deliver high-yield gains to investors. Sign Up for our Free Stock Newsletter
In a lawsuit filed Tuesday in Delaware district court, LG Household & Healthcare Ltd. claimed P&G's Crest Whitestrips Advanced Seal used technology owned by the South Korean company, which holds two U.S. patents issued in 2004.
The 14-day supply of the whitening strips sells for about $45.
LG asked a federal jury to keep P&G from continuing to allegedly violate its patents and to award unspecified damages in the case.
A spokeswoman for P&G, headquartered in Cincinnati, didn't immediately return a call seeking comment.
P&G shares climbed 41 cents to $62.65 in afternoon trading Thursday.
Investors interested in receiving small cap stock alerts through the penny stock newsletter published by MicroCap Insider can sign up for free by visiting our website
About Us
MicroCap Insider is a leading penny stock web site with extensive experience in the OTC market, providing top stock picks, investing tips and exclusive research on small cap stocks on the verge of producing large financial gains.
Please click here to read the full disclaimer
