FlashPoint, LG Make A Deal In ITC Smartphone Case

Law360, San Diego (July 1, 2011, 4:18 PM EDT) -- FlashPoint Technology Inc. and LG Electronics Inc. in late June reached a patent license and settlement deal to resolve their dispute over digital image manipulation patents before the U.S. International Trade Commission, and ITC staff indicated Thursday it would not oppose the move.

The parties filed a joint motion seeking an initial determination ending the investigation as to LG and two subsidiaries, and the Commission Investigative Staff responded Thursday that it did not oppose the bid.

“Terminating this investigation as to LG based on the settlement...
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