Samsung finally agrees to pay Apple $584 million in damages for patent infringement

The long-standing Apple vs. Samsung patent dispute has been dragging on for five years now without any meaningful resolution in sight, despite Samsung announcing a settlement payment of $548 million to the iPhone maker today.

The South Korean company confirmed in a case management statement that it has “made arrangements” with Apple to hand over $548,176,477.

The agreement comes after the U.S. Court of Appeals for the Federal Circuit denied Samsung’s petition for a rehearing last month. Some expected Samsung to take its case to the Supreme Court, but after both companies agreed to mediation, Samsung has finally agreed to pay damages.

“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,” reports Florian Mueller of FOSS Patents.

As mentioned, Samsung thinks it’s entitled to obtain reimbursement “in the event the partial judgment is reversed, modified, vacated or set aside on appeal or otherwise, including as a result of any proceedings before the USPTO addressing the patents at issue or as a result of any petition for writ of certiorari filed with the Supreme Court.”
The filing notes that a settlement conference that took place on November 2, 2015 “did not result in settlement,” meaning this never-ending legal battle could drag on for a few more years until all legal actions are exhausted.


blog comments powered by Disqus
Octofinder Blog Catalog