Apple, Monec Reach Deal In IPhone Patent Suit

Law360, New York (February 22, 2010, 4:29 PM EST) -- A federal judge has vacated Swiss holding company Monec Holding AG's appeal of her earlier dismissal of its lawsuit accusing Apple Inc.'s iPhone of infringing a patent for electronic books, now that the parties have jointly agreed the dispute should be abandoned.

In a ruling Friday in the U.S. District Court for the Eastern District of Virginia, Judge Leonie M. Brinkema granted the parties' joint stipulated order of vacatur and dismissal, saying dismissal was in the interests of justice.

An attorney representing Monec declined to comment...
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