X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
QUINN SETTLES PATENT SUIT FOR $ 87 MILLION Quinn Emanuel Urquhart Oliver & Hedges will finally cash in on its investment. A patent suit the firm filed on behalf of client Freedom Wireless has been settled for $87 million. The settlement, announced Friday, was reached nearly a year after Quinn Emanuel partner William Price won a $128 million jury verdict for the company. The firm represented the Phoenix-based company � owned by a pair of entrepreneurs with six patents on prepaid cell phone service � on a contingency basis. In an e-mail, Price declined to say how much the firm will collect in fees and referred calls for comment to the company. A call to Freedom Wireless President Larry Day was not immediately returned Monday. Lead defendants Boston Communications Group Inc., a billing service for prepaid wireless phones, will pay Freedom Wireless $55 million in damages and unspecified future royalties. Co-defendants Cingular Wireless, Sprint Nextel Corp. and Alltel Corp. will pay Freedom Wireless a combined $32 million. BCGI also agreed to pay Freedom Wireless 5 percent of any increase in the average market capitalization of its stock in the first six months of next year compared with the first six months of this year. BCGI stock, which has been severely depressed in the wake of its court loss, has doubled since Friday’s settlement. Last year, Verizon Wireless, one of the co-defendants in the suit, settled out of the case for an undisclosed sum. Boston’s Foley Hoag represented BCGI at trial. BCGI hired Finnegan Henderson Farabow Garrett & Dunner for the appeal.

- Xenia P. Kobylarz

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.