Sharp Settles Saxon Suit Over Communications Patents

Law360, New York (February 26, 2010, 12:44 PM EST) -- Sharp Corp. has reached a settlement in patent-holding company Saxon Innovations LLC's infringement suit over four patents covering wireless communications and computer chip functions, following in the footsteps of defendants Palm Inc. and Samsung Electronics Co. Ltd.

In an unopposed motion to dismiss filed Thursday in the U.S. District Court for the Eastern District of Texas, Saxon said it had resolved all its claims against Sharp and subsidiary Sharp Electronics Corp., while the defendants had agreed to drop their counterclaims.

Each party will take care of...
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