Signify has sued Mega Systems for failing to pay their 3rd and 4th quarter 2021 royalties–and the suit cites two instagram screenshots where Mega System was tagged. The suit says that Mega Systems’ lighting products have been installed and/or used in New York at least at St. Bart’s on Park Avenue and The Rooftop at Pier 17.
In addition to not paying the second half of 2021, the suit alleges that Mega Systems also failed to submit the required Reporting Forms and pay the associated royalties due for the First Quarter of 2022, the Second Quarter of 2022, and the Third Quarter of 2022.
Signify is demanding:
(1) Awarding money damages to Signify on its First Claim for Relief in amount to be proven at trial;
(2) Granting Signify specific performance on its Second Claim for Relief of the License Agreement requiring Defendant to report all revenues received by Defendant and its Affiliates in connection with all products covered by the License Agreement that were made and/or sold by Defendant and its Affiliates in the United States and throughout the world and payment of the attendant royalty amounts for the duration of the License Agreement;
(3) Ordering an accounting of revenues received by Defendant and its Affiliates in connection with LED products;
(4) Awarding attorneys’ fees, costs, and interest to Signify; and
(5) Awarding such other and further relief as the Court deems just and proper.
Signify further demands trial by jury on all issues so triable.
Read the complaint below.
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