Spansion's $24M Patent Settlement With Tessera OK'd

Law360, Wilmington (December 13, 2012, 8:19 PM EST) -- A Delaware bankruptcy judge on Thursday approved Spansion Inc.'s $24 million settlement of patent infringement claims brought by Tessera Inc., tying up one of the last loose ends from the flash memory maker's 2010 reorganization.

The settlement takes care of Tessera’s outstanding claim in the bankruptcy and facilitates a broader deal resolving lawsuits in California federal court and before the U.S. International Trade Commission that accused Spansion of infringing Tessera patents for small-format semiconductor packaging technology.

Reflecting on the complex and thorny dispute over Tessera’s claim...
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