RIM To Pay $267.5M To End Visto Patent Litigation

Law360, New York (July 16, 2009, 1:39 PM EDT) -- Research In Motion Ltd., the brand behind BlackBerry cell phone products, will pay Visto Corp. $267.5 million to settle all pending patent litigation between the two companies.

Announced Thursday, the settlement ends a number of ongoing patents lawsuits, including a major lawsuit over wireless technology filed in the U.S. District Court for the Eastern District of Texas.

The settlement also includes a provision granting RIM a “perpetual and fully paid license” for all Visto patents and will include a transfer of certain Visto intellectual property, the...
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