• It’s about patents for smartphones & tablets
• The legal battle began in 2011
• In May, jury said Samsung owed Apple $539M
• Today, they settled.
Not the biggest legal news in America today. But big news in one of the most epic patent dispute cases in American history.
After seven years and a lot of attorney fees, Apple and Samsung settled a case in which Apple argued that Samsung violated its patents by “slavishly” copying the design of the iPhone.
Terms of the settlement, filed in U.S. District Court for California’s Northern District, have not yet been released as of 2pm Pacific.
Excerpt from Reuters:
In May, a U.S. jury awarded Apple $539 million, after Samsung had previously paid Apple $399 million to compensate for patent infringement. Samsung would need to make an additional payment to Apple of nearly $140 million if the verdict was upheld. How much, if anything, Samsung must now pay Apple under Wednesday’s settlement could not immediately be learned.