Symantec To Pay $10M To Settle Patent Dispute

Law360, New York (May 13, 2005, 12:00 AM EDT) -- Software maker Symantec has agreed to pay $10 million to rival Altiris Inc. as part of a settlement of a protracted patent dispute over disk management technology.

The companies said they have amicably settled all pending patent litigation, and have signed a cross-licensing agreement that resolves all legal claims between the companies.

Under terms of the agreement, Symantec will pay a $10 million fee to Altiris for use of the disputed patented technology in any of Symantec's products, the companies said.

Both companies have agreed to...
To view the full article, register now.