Tessera, Sony Reach 11th-Hour Deal In $93M Royalties Fight

Law360, San Francisco (October 28, 2013, 6:46 PM EDT) -- Tessera Inc. and Sony Corp. reached an eleventh-hour settlement Monday over claims that the Japanese giant violated a patent license with Tessera covering semiconductor technology between the two and failed to pay $92.6 million in royalties, the companies announced on the eve of trial.

The terms of the deal remained confidential Monday, although Tessera officials said in a statement that they would provide more details once the companies sign off on the settlement.

Attorneys for Tessera declined to comment further on the settlement Monday. Attorneys for...
To view the full article, register now.