Ardagh awarded $84m in settlement of case with Saint-Gobain

Arbitration award relates to a US patent dispute

Irish financier Paul Coulson’s Ardagh Group was awarded $84 million (€83.4 million) by an arbitration court on Friday to settle a case with French industrial group Saint-Gobain.

The award from the International Court of Arbitration, including interest and costs, stems from a patent dispute involving a business the glass and metal containers group acquired from Saint-Gobain eight years ago.

A Delaware jury ordered in April 2017 that Ardagh pay $50.3 million to a company, Green Mountain, which claimed the group’s US glass unit had infringed a patent over technology to turn mixed-colour glass into recycled glass of a single colour.

The affected Ardagh business had been acquired in 2014 as part of the group’s $1.5 billion purchase of Verallia North America (VNA) from Saint-Gobain.

READ MORE

The US court of appeals of the federal circuit affirmed Green Mountain’s case in July 2019. Ardagh transferred the amount due — which had risen to $64.5 million when interest costs were included — that October to Green Mountain.

Ardagh was indemnified by Saint-Gobain and initiated arbitration proceedings to recover losses arising from the US legal proceedings. Friday’s award, which is final, represents full recovery for Ardagh.

Joe Brennan

Joe Brennan

Joe Brennan is Markets Correspondent of The Irish Times