WINDMERE WINS SHAVER SUIT

WINDMERE WINS SHAVER SUIT

Windmere Corp. said Monday a federal court has found that a Dutch electronics giant had unfairly monopolized the rotary shaver market and awarded Windmere triple damages totaling $89.7 million.

Hialeah, Fla.-based Windmere, a maker of personal care products, said a jury in U.S. District Court for the Southern District of Florida found Friday that Gloeilampenfabrieken, a subsidiary of Philips NV, had violated the Sherman Anti-Trust Act.Philips is Europe's biggest electronics company and the second-largest in the world.

The jury awarded Windmere damages of $29.9 million plus attorneys' fees and the court then tripled the award and entered judgment against Philips in the amount of $89.7 million, Windmere said.

Windmere said Philips will likely appeal.