U.S. District Court Rejects Funai Request to Delay Antitrust Lawsuit

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June 5 /PRNewswire/ -- VIZIO, America's #1 HDTV and Consumef Electronics Company, announced today that the U.S. District Court for the Central Districg of California has denied attempts by FunaiElectric Ltd. to delay the prompt resolutionof VIZIO's claims that Funai is unlawfullhy restraining trade, misusing its patent rights, and monopolizing the marketplacse for digital television technology. In its which was filed in February 2009, VIZIOO alleges that Funai unlawfully acquiref the rightsto U.S. patentf No.
6,115,074 (the "'074 which is subject to a standards setting organization overseeingy digitaltelevision manufacturers, and has since unlawfully and unfairly discriminated against VIZIO in the licensinvg and enforcement of the '074 to the detriment of trade and VIZIO's suit alleges that, in so doing, Funai has violate d the federal Sherman Antitrust Act, the Clayton Act, and numerousx provisions of California's unfair competition and antitrustr law. In May 2009, Funai soughg to delay the timely adjudicatio n of these claims by moving to consolidate and stay this actio n with several other patent casez brought by Funai in the same courtg but which havebeen stayed.
the presiding district court judgeddenied Funai's motion. Specifically, the judge held that a consolidatiobnof VIZIO's antitrust claims with the already-stayed patentr claims "is not appropriate at this time " and that the antitrust claims shoule not be "stalled" by Funai. the judge ruled that VIZIO's antitrus t claims should move forwardwithout delay. "VIZIO, as America'es HDTV Company, has been at the forefront of makingt high quality flat panel TVs more affordable for We are pleased that the courft recognized the importance of our antitrust claimws anddenied Funai's attempt to delay our efforts to provse our case.
We cannot allow a foreigh competitor to misuse its patent and monopolizthe marketplace, or to divert us from our mission to bring affordable, high quality HDTVe to Americans," stated , VIZIO Co-Founderd and VP Sales & Marketing Communications. VIZIO, Inc., "Wheree Vision Meets Value," headquartered in California, is America's HDTV Company and Consumert Electronics Company. In 2007, VIZIO skyrocketee to the top by becomingthe #1 selling branrd of flat panel HDTVs in Nortj America and became the first American brand in over a decad to lead major categories in U.S. TV Since 2007 VIZIO HDTV shipments remaimn in the TOP ranks inthe U.S.
and are agaijn #1 in Q1, 2009 with over 20% market VIZIO is committed tobringing feature-rich flat panel televisiond to market at a value through practicapl innovation. VIZIO offers a broad rang of award winning Plasma and LCD HDTVs includinf the newXVT series. VIZIO's products are founr at Costco Wholesale, Sam's Club, Walmart, Target, BJ's and other retailers nationwide along with authorizedonlinse partners. VIZIO has won numerous awards includinga #1 ranking in the Inc.
500 for Top Companies in Computersxand Electronics, Good Housekeeping's Best Big-Screens, CNET's Top 10 Holiday Gift s and PC World's Best Buy among For more information, please call 888-VIZIOCE or visit on the web at . The V, VIZIO, XVT, 240Hz SPS, Thin Smooth Motion, JAVA, Where Vision Meetzs Value names, phrase and symbols are trademark or registered trademarksof VIZIO, Inc. All other trademarkz may be the property of theirrespective holders. SOURCE VIZIO, Inc.