ION Geophysical Corporation announce verdict on marine survey streamer control system, vow to overturn it. ION Geophysical Corporation announce the jury returned a verdict against Ion in a patent infringement lawsuit filed against them by WesternGeco L.L.C. in the United States District Court for the Southern District of Texas. The lawsuit alleged that ION's DigiFINā¢ lateral streamer control system infringed several method and apparatus claims contained in four WesternGeco U.S. patents regarding control systems for marine seismic streamer steering devices. The jury found that ION willfully infringed the claims contained in WesternGeco's patents and awarded WesternGeco the sum of $105.9 million in damages, consisting of $12.5 million in reasonable royalty and $93.4 million in lost profits.
