Paice LLC

Alex Severinsky is a Russian man who came to the United States in 1978. He graduated from Ukraine's Kharkiv University of Radioelectronics in 1967 before moving on to an Electrical Engineering Ph.D. from Moscow's Institute for Precision Measurements in Radioelectronics and Physics in 1975. That's ...

Just moments after we published our earlier report about today's scheduled hearing between Toyota and Alex Severinsky at the International Trade Commission, we got word that the parties have settled. The parties haven't released any ...

Toyota has, once again, failed to shake the long-looming hybrid patent infringement case brought forth by Paice LLC. In this latest development, a U.S. International Trade Commission judge dismissed Toyota's bid to end the lawsuit, continuing a trend. Toyota has long argued that the suit filed by ...

Toyota has asked that a lawsuit issued by Paice LLC to the U.S. International Trade Commission in Washington for patent infringement be dismissed due to the fact that the case has already been heard in a Texas district court. This ...

With every new vehicle introduced by Toyota that is powered by the automaker's proprietary Hybrid Synergy Drive comes a matching complaint filed by Paice LLC for patent infringement. In the latest case, Paice has filed a grievance ...

Toyota finally seems to be out of options now that the U.S. Supreme Court has allowed a lower court's ruling to stand which will award Paice LLC roughly $4.3 million in an hybrid technology lawsuit. That amount works out to $25 for every vehicle that Toyota has sold which uses the Hybrid Synergy ...

Paice LLC sued Toyota in 2004 over three patents Paice said Toyota infringed with their hybrid drive train. The court ruled, in a jury verdict at a Texas court known for patent cases, that Toyota did infringe on one of the three patents and Toyota had to pay $25 per infringing car (Prius II, Toyota ...