KING INSTRUMENT RECEIVES SETTLEMENT FROM SUIT
<King Instrument Corp> said it
received 8.5 mln dlrs from <Otari Electric Co> of Tokyo and its
California subsidiaries as a settlement for a patent
infringement suit.
    King said the suit, filed in 1980, covered a tape loading
system for cassettes. King said as part of the settlement,
Otari must pay a royalty to King on future sales of magnetic
tape winding equipment in the U.S.
    In a separate agreement, King said Otari has acquire from
it a non-exclusive license to King's basic patent in the U.S.
 Reuter
