Foundry To Pay $35M To Settle Nortel Patent Dispute

Law360, New York (October 26, 2004, 12:00 AM EDT) -- California-based computer equipment maker Foundry Networks has agreed to pay $35 million as part of a four-year licensing deal with Canadian rival Nortel Networks to settle the patent litigation between the two companies.

The two companies had been litigating their patent dispute in courts in Massachusetts and California for more than three years.

In March 2001, Nortel filed a lawsuit against Foundry in the U.S. District Court for the District of Massachusetts, alleging that some of the rival’s products infringed several of Nortel's patents and seeking...
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