Wagner Electric Corp. v. Hydraulic Brake Co.

Hydraulic Brake Company, a California corporation, is the owner of a number of patents covering the transmission of power from the brake pedal to the brakes for use on motor vehicles. Many of these patents - had been originally secured by Malcolm Loughead, and these brakes were marketed under the trade name of “Lockheed Hydraulic Brakes.” Wagner Electric Corporation, a Delaware corporation, is a manufacturer of hydraulic brake equipment for motor vehicles under a license agreement with the Hydraulic Brake Company, for which it pays a license fee or royalty on each set of hydraulic brake…