A Baltimore-based inventor of hybrid engine technology and the Abell Foundation, which invested in the company, have settled a patent infringement case against Volkswagen AG, which also owns Audi and Porsche.
Paice LLC and Abell filed a complaint against the automakers in April with the U.S. International Trade Commission. The complaint alleged that the automaker imported and sold vehicles that used Paice's hybrid vehicle patents.
Terms of the settlement, which Paice and Abell announced this week, are confidential. A hearing before the trade commission had been scheduled for this month.
Frances Keenan, executive chair for Paice and Abell's senior vice president, said...