Procter & Gamble Sues Edgewell for Patent Infringement
August 23 2016 - 1:15PM
Dow Jones News
By Joshua Jamerson
Procter & Gamble Co. on Tuesday said it has sued smaller
rival Edgewell Personal Care Co. for patent infringement and said
the company made misleading claims against P&G's Gillette
subsidiary.
The consumer-goods giant said the lawsuit, filed in the U.S.
District Court in the Southern District of New York, focuses on
Edgewell's three-bladed private-label razors. In addition to patent
infringement, the complaint also accuses Edgewell of false
advertising, unfair competition and deceptive acts and
practices.
A representative for Edgewell couldn't immediately reached for
comment.
"When a competitor makes false and misleading claims against one
of our products and infringes our patents, it's unfair to
consumers, and to our employees and shareholders," said Procter
& Gamble's chief legal officer.
Edgewell sells Schick brand razors and Edge shave gels. Gillette
-- which makes razors under the Mach3 brand , among others -- is a
wholly owned subsidiary of Procter & Gamble.
Edgewell stock declined 1.2% to $77.10 in midday trading. Shares
of P&G edged up 0.6% to $87.40.
Write to Joshua Jamerson at joshua.jamerson@wsj.com
(END) Dow Jones Newswires
August 23, 2016 13:00 ET (17:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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