Tsera, Philips Agree To Touch Pad Patent License

Law360, New York (March 16, 2010, 1:47 PM EDT) -- Tsera LLC has reached a settlement and licensing deal with Koninklijke Philips Electronics NV, releasing the Dutch conglomerate from its suit accusing a slew of companies of infringing a patent for touch pad technology.

Tsera and the Amsterdam-based electronics manufacturer signed a patent licensing agreement on March 5, according to a stipulated motion for dismissal filed Monday in the U.S. District Court for the Eastern District of Texas.

In the motion, Tsera said it would drop its claims against Philips with prejudice, but the defendant dismissed...
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