A company that provides cellular phone billing services last week reached an $87 million settlement of a patent infringement case that threatened to send it into bankruptcy. A jury had ordered Boston Communications Group Inc. and its co-defendants to pay Freedom Wireless Inc. $128 million in the patent suit, but BCGI had warned it might cease operations or seek bankruptcy protection if it could not reverse the decision or reach a deal to license technology from Freedom Wireless.
July 25, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A company that provides cellular phone billing services on Friday reached an $87 million settlement of a patent infringement case that had threatened to send it into bankruptcy.
The settlement is far less than the $128 million a jury had ordered Boston Communications Group Inc. and its co-defendants to pay Freedom Wireless Inc., a small, privately held firm that had sued over patents.
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