Apple and Samsung settle patent infringement lawsuit in United States

Print this page 28-06-2018
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CNN: "The two companies agreed to a settlement in the case, according to court documents filed Wednesday, but did not disclose the terms.

 

The settlement closes a dispute that started in 2011 when Apple accused Samsung (SSNLF) of "slavishly" copying the iPhone's design and software features. A jury awarded Apple (AAPL) $539 million in May, leaving Samsung with an outstanding balance of $140 million it owed Apple. It was not clear Wednesday how much more, if anything, Apple will receive.

 

Litigating the case cost the two world's two largest smartphone makers hundreds of millions of dollars and resulted in several rulings and appeals. In 2012, a jury ruled that Samsung must pay Apple more than $1 billion for copying various hardware and software features of the iPhone and iPad. A federal judge later reduced that penalty by $450 million."

 

Read more. Read the joint notice of settlement here