Apple Settles Minerva Cell Phone Patent Suit

By Abigail Rubenstein

Law360, New York (July 29, 2010, 4:18 PM ET) -- Apple Inc. has agreed to settle a lawsuit filed by patent-holding company Minerva Industries Inc. that accused the iPhone maker of infringing its patent for mobile media technology.

Magistrate Judge Charles Everingham of the U.S. District Court for the Eastern District of Texas dismissed the lawsuit with prejudice Wednesday after Minerva and Apple alerted the court that they had reached a settlement.

The parties filed a joint motion to dismiss all claims and counterclaims Tuesday that stipulated that each party would bear its own costs and...
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