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08-07-2014, 12:39 AM #1
Apple and Samsung Agree to Drop Litigation Outside of the US
In a recently issued statement, both Apple and Samsung have agreed to drop all ongoing patent litigation outside of the US. The move is quite smart for the tech giants as each of them will save millions of dollars in legal fees from protracted court proceedings. The truce is said to apply to cases in Australia, France, Germany, Italy, Japan, the Netherlands, South Korea and the UK.
The statement mentioned the following regarding the matter:
Apple and Samsung have agreed to drop all litigation between the two companies outside the United States.
This agreement does not involve any licensing arrangements, and the companies are continuing to pursue the existing cases in US courts.
Apple and Samsung will likely focus their efforts on the two US court trials set to take place in California courts by getting rid of their international cases. As of right now, both of the US court trials are now in the appeals phase. The Cupertino California company was given a pair of victories in its Apple vs. Samsung court actions, with the first jury deciding on a verdict ultimately worth $120 million for infringing Apple’s patents. The most recent update in the matter came just last week when Apple dropped its cross-appeal which sought a permanent junction against infringing Samsung products.
Although the move helps reduce the number of legal disputes between both Apple and Samsung, the ongoing legal battle is far from over. We’ll have to wait and see what happens next between the two.
08-07-2014, 03:14 AM #2
Samsung trying to save some cash to shore up their profit margin?
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