Samsung To Pay Apple During Patent Dispute

(FROM THE WALL STREET JOURNAL 12/5/15)
Samsung Electronics Co. agreed to pay Apple Inc.$548 million this month in court-ordered damages, the first meaningful exchange of money from a nearly five-year-long patent dispute between the smartphone companies.
In a filing on Thursday in U.S. District Court in San Jose, Calif., Samsung said it will pay the damages after a court denied the company's latest appeal in the case. Samsung said it might seek reimbursement from Apple depending on any future rulings from the U.S. Patent and Trademark Office or the U.S. Supreme Court.
Apple first sued Samsung in April 2011, saying its South Korean rival had copied the look and feel of the iPhone. A jury ruled in favor of Apple in 2012 and awarded $1.05 billion in damages.
Samsung To Pay Apple During Patent Dispute

Samsung agreed to pay roughly half that amount -- represented by this month's payment -- following several other legal proceedings. In the spring, the two companies will face off in the San Jose court over an additional $400 million from the original award.
The two companies also sued each other in courts around the world after Apple first filed suit in 2011, but they agreed to drop all litigation outside the U.S. last year. Beyond that, Samsung is appealing a $120 million damage award for violating Apple software patents from a second U.S. trial in 2014.
"While we've agreed to pay Apple, we remain confident that our products do not infringe on Apple's design patents, and we will continue to take all appropriate measures within the legal system to protect our products and our intellectual property," said Samsung spokeswoman Danielle Meister Cohen.
A spokeswoman for Apple, which is based in Cupertino, Calif., declined to comment.
Samsung's payment amounts to less than five days of profit for Apple, which reported $11.1 billion in profit for the quarter ended Sept. 26. While Apple has been able to obtain monetary judgments against Samsung, it hasn't gotten what it really sought: a far-reaching injunction on sales of certain Samsung phones and tablets.
  (END) Dow Jones Newswires
12-05-150247ET
Copyright (c) 2015 Dow Jones & Company, Inc.

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Anifowose Abiola

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