Sumitomo Rubber Industries Ltd. (TYO:5110) has reached a settlement with Timsun Rubber Tire (Weihai) Co. Ltd. by employing the mediation of the Beijing Intellectual Property Court. Sumitomo Rubber had been seeking an injunction against the Chinese tire manufacturer for, among other things, infringing its patent rights, specifically Chinese Patent Number ZL201110212627.X, and design rights, specifically Chinese Design Right Number ZL201130113641.5….
