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Samsung to pay $548 million settlement to Apple

Posted on Monday, December 07 2015 @ 14:07:03 CET by

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Late last week news broke that Samsung agreed to pay Apple $548 million to settle a nearly five-year old patent case. Samsung does note that it reserves all rights to reclaim or obtain reimburement in case the partial judgement is reversed. Full details at Engadget.
Samsung has been fighting Apple in court for years, but it sounds like it's getting near to letting it all go. The South Korean electronics maker has agreed to pay Cupertino $548 million -- or a little over half the original $1 billion amount the court wanted it to pay -- as soon as December 14th to settle an almost five-year-old case. According to Foss Patents, the rivals have filed a joint case management statement shortly after the Court of Appeals denied Samsung's request for a hearing on whether Apple can ask payment for invalid patents.



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