BRIEF: Spectrum Brands sued by Energizer

Tue. July 29, 2008; Posted: 01:33 AM

Jul 29, 2008 (The Wisconsin State Journal - McClatchy-Tribune Information Services via COMTEX) -- ENR | Quote | Chart | News | PowerRating -- Spectrum Brands says it "strongly refutes" claims made in a patent-infringement lawsuit filed in U.S. District Court in Madison.

Energizer Holdings, parent company of Eveready Battery Co., claims the lithium batteries imported and sold by Spectrum subsidiary Rayovac, based in Madison, infringe on two Eveready patents.

Energizer said it is seeking undisclosed damages from Spectrum Brands and has asked for an injunction to stop sales of the lithium batteries.

Spectrum Brands said in a written statement it will "vigorously defend itself" against the allegations. The company said it recently introduced the lithium batteries "to provide consumers with a lower cost alternative," and said sales of the product are not expected to have a material impact on the company's 2008 or 2009 financial results.

Spectrum Brands' stock closed Monday at $2.52, down 24 cents or 8.7 percent.

To see more of The Wisconsin State Journal, or to subscribe to the newspaper, go to http://www.wisconsinstatejournal.com. Copyright (c) 2008, The Wisconsin State Journal Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details on Energizer Holdings (ENR) click here. Energizer Holdings (ENR) has Short Term PowerRatings of 5. Details on Energizer Holdings (ENR) Short Term PowerRatings is available at This Link.

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