07:26
Just under five years after the beginning of the patent
dispute between tech giants Apple and Samsung, the
companies yesterday agreed to a settlement of $548
million to be paid by Samsung, as ordered by the San
Jose federal court hosting the trial (via FOSS Patents ).
Samsung is said to now be waiting for Apple's official
invoice of the settlement, and if it arrives by the end of
day on December 4, it has promised to send the $548
million in full to Apple by December 14.
Samsung found a slight loophole in its agreement to pay
the Cupertino company, however, retaining the right to
continue appealing the court system and even the ability
to "reclaim or obtain reimbursement of any judgment
amounts paid" by the company. So, if the court does
agree to one of Samsung's appeals in the future, Apple
could see some -- or all -- of the $548 million returned
back to its rival.
"Samsung continues to reserve all rights to obtain
reimbursement from Apple and/or payment by Apple of
all amounts required to be paid as taxes. [...] Samsung
further reserves all rights to reclaim or obtain
reimbursement of any judgment amounts paid by
Samsung to any entity in the event the partial judgment
is reversed, modified, vacated or set aside on appeal or
otherwise, including as a result of any proceedings
before the USPTO addressing the patents at issue or as
a result of any petition for writ of certiorari filed with
the Supreme Court."
In its own part of the filing that made its way through the
court system on Thursday, Apple noted that it "disputes
Samsung's asserted rights to reimbursement." Earlier in
August, Samsung announced plans to try and appeal the
patent trial all the way to the United States Supreme
Court, following a series of appeals it lost in the
intervening years since the legal battle began in 2011.
Friday, 4 December 2015
Samsung to Pay Apple $548 Million Settlement in Five- Year Old Patent Trial
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