Last September an arbiter acting under the guidance of the International Chamber of Commerce awarded InterDigital a $134 million settlement from Samsung over royalties owed the company from 2G technologies, but a federal judge has finally ruled that the settlement will stand and Samsung must pay.
"We are pleased that the federal court has confirmed the award," said William J. Merritt, president and CEO of InterDigital. "We intend to commence the collection process as to the award, including interest and 2006 royalty obligations."
Any appeal of the decision would require that Samsung post a bond for at least the amount of the award itself, according to InterDigital.
For more on the settlement:
- read this press release [1]
Links:
[1] http://www.fiercewireless.com/press-releases/samsung-pay-interdigital-134m-settlement