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Jury Orders Gillette to Pay $10 Million

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Bloomberg News

Gillette Co. was told by a jury to pay $10 million to Syndia Corp. for infringing patents covering a method for coating razor blades with diamond-like carbon to make them stronger.

Syndia said it may seek a court order blocking Gillette from selling its Mach3, Mach3 Turbo and Venus razor blades because of the patent-infringement finding unless Gillette signs a licensing agreement with the Chicago-based company. Boston-based Gillette said it will seek to overturn the jury’s finding and appeal the case if necessary.

Gillette’s shares were up 2 cents to $35.25 on the NYSE.

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