(ELUX) Electrolux and the plaintiff John North have reached a settlement
agreement in the vacuum cleaner trade secrets case regarding certain
upright, cyclonic vacuum cleaners. As a result, the case will not be
decided by a jury in El Paso, Texas, USA and the matter is concluded.
Per the agreement, Electrolux will pay the plaintiff USD 30M and the
plaintiff has agreed to drop all claims, including future claims, in the
matter. No further details of the settlement are available.
Electrolux entered into the settlement because it brought the matter to
an end with a known outcome rather than the uncertainty of a jury
decision. The Group maintains that there is no merit to the charges.
The Electrolux Press Hotline is available at +46 8 657 65 07.
The Electrolux Group is the world’s largest producer of powered
appliances for kitchen, cleaning and outdoor use, such as refrigerators, washing machines, cookers, vacuum cleaners, chainsaws, lawn mowers, and
garden tractors. Every year, customers in more than 150 countries buy
more than 55 million Electrolux Group products for both consumer and
professional use sold under famous brands such as AEG, Electrolux, Zanussi, Frigidaire, Eureka and Husqvarna. In 2003, Electrolux had sales
of SEK 124 billion and 77,000 employees.