On March 3, 2006, NTP Inc. and Research In Motion Ltd. reached a settlement of their protracted litigation over plaintiff NTP’s claim that RIM’s BlackBerry service infringed NTP patents.[FOOTNOTE 1]

RIM will pay NTP $612.5 million to conclude the matter. The settlement talks heated up following the much-anticipated Feb. 24 hearing before Chief Judge James Spencer of the U.S. District Court for the Eastern District of Virginia on NTP’s application to enjoin RIM from continuing to operate its wireless e-mail service.

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