Samsung to Pay Apple $548 Million Settlement in Five-Year Old Patent Trial

4 Dec 2015 | Author: | No comments yet »

Samsung agrees to pay Apple $548 million in damages—with conditions.

Samsung Electronics has agreed to pay Apple US$548 million in damages in a patent infringement lawsuit in California, which will be the first shot at compensation Apple will get in the dispute that has dragged on for several years with many twists and turns.Nearly five years after was found guilty in a California court of copying certain aspects of Apple’s iPhone and iPad without permission, the South Korean tech giant will finally pay up. Court of Appeals for the Federal Circuit of a full-bench hearing to review the damages award in the patent dispute in the light of new information about an Apple patent.

Of course, the news sadly doesn’t mean that this saga has ended — there are a few caveats that leave the door open for the case to carry into its sixth year. But Samsung has also reserved the right to collect reimbursement if there are any further developments in the case, including results of proceedings before the U.S. Late yesterday FOSS patent reported that “Apple and Samsung filed a joint case management statement with the United States District Court for the Northern District of California, in which Samsung says it has ‘has made arrangements to complete payment to Apple.’ It is now waiting for Apple’s original invoice, and if that payment arrives before the weekend by Korean time, it will send $548 million to Apple by December 14.

As for Samsung, it almost sounded real for a moment – but they’re using this moment in time to continue their marketing and legal gamesmanship right to the bitter end. But for now, Apple, through the Courts, finally got Samsung to pay for losing their patent infringement case, proving the copycat didn’t’ get away with it – even if Apple, to a certain degree, lost the PR war along the way.

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