Stock Market News

Caltech reaches ‘potential settlement’ in Apple, Broadcom patent case

2023.08.10 20:07


© Reuters. FILE PHOTO: A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

By Blake Brittain

(Reuters) – The California Institute of Technology has reached a “potential settlement” in a high-stakes patent infringement lawsuit against Apple (NASDAQ:) and Broadcom (NASDAQ:) over Wi-Fi chips, according to a Thursday filing in federal court.

Caltech previously won a verdict of more than $1.1 billion from Apple and Broadcom in the case that was later overturned.

The potential settlement was disclosed in a court document filed in U.S. District Court in Los Angeles without further details following a telephone conference. It was unclear if the agreement involved both Apple and Broadcom.

Representatives for Caltech, Apple and Broadcom did not immediately respond to requests for comment. The court ordered the parties to file a joint status report by Aug. 18.

Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents. A jury ordered Apple to pay $837.8 million and Broadcom to pay $270.2 million in patent-infringement damages in 2020.

A U.S. appeals court overturned the award last year and ordered a new trial on damages, finding the amount was “legally unsupportable.” A trial that had been scheduled to begin in June 2023 was postponed indefinitely in May.

Caltech told a Texas federal court on Tuesday that it had settled a related lawsuit against Samsung (KS:). The university has also sued Microsoft (NASDAQ:), Dell and HP (NYSE:) over its Wi-Fi patents in cases that are pending.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 75,689.28 0.65%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,911.71 3.63%
tether
Tether (USDT) $ 0.999617 0.29%
solana
Solana (SOL) $ 199.09 5.54%
bnb
BNB (BNB) $ 595.92 0.36%
usd-coin
USDC (USDC) $ 0.998735 0.33%
xrp
XRP (XRP) $ 0.551413 1.01%
dogecoin
Dogecoin (DOGE) $ 0.194797 2.42%
staked-ether
Lido Staked Ether (STETH) $ 2,918.44 3.91%
cardano
Cardano (ADA) $ 0.43984 16.44%
tron
TRON (TRX) $ 0.161206 0.57%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,463.40 3.93%
the-open-network
Toncoin (TON) $ 4.93 1.04%
avalanche-2
Avalanche (AVAX) $ 28.03 4.27%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,820.31 0.91%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 0.66%
weth
WETH (WETH) $ 2,913.68 3.67%
chainlink
Chainlink (LINK) $ 13.20 7.73%
bitcoin-cash
Bitcoin Cash (BCH) $ 372.26 1.33%
sui
Sui (SUI) $ 2.28 0.45%
polkadot
Polkadot (DOT) $ 4.31 5.39%
leo-token
LEO Token (LEO) $ 6.40 1.97%
usds
USDS (USDS) $ 0.983706 1.35%
litecoin
Litecoin (LTC) $ 71.81 1.24%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,061.32 3.62%
uniswap
Uniswap (UNI) $ 8.72 3.23%
near
NEAR Protocol (NEAR) $ 4.28 3.01%
aptos
Aptos (APT) $ 9.63 0.14%
pepe
Pepe (PEPE) $ 0.000011 3.91%
internet-computer
Internet Computer (ICP) $ 7.85 3.08%
bittensor
Bittensor (TAO) $ 497.85 3.00%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.37 1.24%
dai
Dai (DAI) $ 0.998788 0.41%
stellar
Stellar (XLM) $ 0.101621 3.09%
ethereum-classic
Ethereum Classic (ETC) $ 20.17 1.69%
monero
Monero (XMR) $ 163.62 0.82%
crypto-com-chain
Cronos (CRO) $ 0.108561 24.91%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.24%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.371207 8.70%
whitebit
WhiteBIT Coin (WBT) $ 19.56 1.11%
kaspa
Kaspa (KAS) $ 0.111366 5.01%
aave
Aave (AAVE) $ 177.54 1.63%
blockstack
Stacks (STX) $ 1.65 0.47%
okb
OKB (OKB) $ 40.15 0.08%
first-digital-usd
First Digital USD (FDUSD) $ 0.995824 0.77%
dogwifcoin
dogwifhat (WIF) $ 2.30 1.46%
filecoin
Filecoin (FIL) $ 3.82 2.76%
arbitrum
Arbitrum (ARB) $ 0.576208 1.13%
mantle
Mantle (MNT) $ 0.655219 2.80%