Clint Eastwood’s trust can’t claim ownership in patents related to a doctor’s research that it helped fund.
The 1988 Clinton Eastwood Trust didn’t have standing to challenge the ownership of the patents as “shareholders twice removed” from the doctor’s company, the U.S. District Court for the Southern District of New York said May 1.
Eastwood provided loans of nearly $500,000 to support medical researcher Harry B. Demopoulos’s work on developing an antioxidant to treat diabetes and other diseases from 1985 to 2006. Demopoulos gave Eastwood stock in his company, Antioxidant Pharmaceuticals Corp., in return. APC received six patents related to ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.