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: IP BlawgMore Breaking News: BlackBerry Disputed Settled for $612.5M
By Farella Braun + Martel LLP
It's been a busy week for hot-off-the-presses IP happenings! We've been diligent about keeping you posted on the BlackBerry litigation, and here's the latest: in news heard with relief by those addicted to their "crackberries," BlackBerry maker Research in Motion and NTP announced a settlement today of their long-simmering patent dispute. According to IP Law 360, counsel for NTP confirmed that RIM will pay NTP $612.5 million as part of the deal. While the licensing agreement is less than the rumored $1 billion amount some were expecting, it is still more than last year's $450 million settlement that was later thrown out. Last week's highly anticipated hearing on injunctive relief ended without a decision, but it suggested that time was running out for BlackBerry to make a deal to avoid a shutdown, and today's settlement news is not a huge surprise.
Today's Blogger: Nan Joesten
Full post as published by IP Blawg on March 03, 2006 (boomark / email).
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