Trek 2000 International Ltd. has achieved another out-of-court settlement with memory product manufacturer and distributor, Patriot Memory LLC. This is its second success following the International Trade Commission Complaint filed against eight companies for alleged infringement of four USB-flash drive patents on June 15, 2011. Trek's first out-of-court settlement was reached with two companies of the Verbatim Group Corporation in October 2011, during which licensing agreement was established. In addition, the settlement included the recovery of legal costs. Likewise, Trek grants to Patriot a non-exclusive,  non-transferable, irrevocable license under the Licensed Patents to make, have made, use, import, offer to sell and/or sell Licensed Products worldwide during the term of the Licensed Patents.

Hong Kong shares fell 1.66 per cent on Monday, following a six-session winning streak and in line with a regional sell-off caused by weak US growth data. The benchmark Hang Seng Index lost 341.26 points to 20,160.41 on turnover of HK$66.52 billion (US$8.51 billion).

Chinese shares closed down 1.47 per cent on the first trading day after a week-long holiday, as investors booked profits in stocks that gained before the break, dealers said.

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