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Blue LED Inventor Nakamura Awarded $8.1 Million

Posted by timothy on from the least-they-could-do dept.

redkingca writes "The New York Times (reg required) has an article about an $8.1 million settlement in the blue-LED royalty case. Mr. Nakamura created the blue LED while working for the Nichia Corporation but never received any bonuses or royalties for his invention. A lower court had awarded 20 billion yen, nearly $200 million, and ordered Nichia to pay Mr. Nakamura last year. The settlement came after the company appealed that ruling."

1 of 306 comments (clear)

  1. Re: Taxes by IAmMaxHarris · · Score: 1, Offtopic
    ... Oh wait, thats right the more money you make, the less you get taxed : )

    This is absolutely false. Well-to-do people almost always pay higher dollar amounts in taxes than other people do. (They also pay a higher percentage of their income in taxes, which is highly unfair, but this is partially offset through accountants/money managers.)

    If what you say is true, I'm sure Bill Gates would love to have you pay his tax bill.

    I object to the notion that a dollar (to a rich man) is somehow not as valuable as another dollar is to a poor man.