Wireless technology company InterDigital Communications said Wednesday it won about $134 million from South Korean company Samsung Electronics in arbitration proceedings over a contract dispute from 2003. The dispute stemmed from Samsung's election to have its royalty obligations determined according to the terms of InterDigital's patent licensing agreements with mobile phone maker Nokia. Samsung sought binding arbitration after disagreeing with InterDigital's interpretation of the agreement.
September 08, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Wireless technology company InterDigital Communications Corp. said Wednesday it won about $134 million from South Korean electronics company Samsung Electronics Co. in arbitration proceedings over a contract dispute from 2003.
An arbitral tribunal awarded InterDigital roughly $134 million in past royalties plus interest on Samsung’s sale of various mobile phone technologies through 2005.
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