Vicon Announces Patent Suit Settlement - MarketWatch

Vicon Industries, Inc. (vii:NYSE-AMEX), a designer and producer of IP video security and surveillance systems, today announced that it has settled the patent litigation suit brought by Lectrolarm Custom Systems, Inc. (Lectrolarm). Under the settlement, the Company agreed to a one-time payment of $5 million to Lectrolarm in exchange for the release of all claims against the Company...