Sony To Pay Ampex $40M To Settle Patent Dispute

Law360, New York (November 30, 2004, 12:00 AM EST) -- Japanese electronics maker Sony Corp. has agreed to pay at least $40 million to Ampex Corp. to settle a lawsuit over patents related to digital cameras.

Under the settlement agreement, Sony will get a license to use Ampex technology through April 2006 and agree to pay royalties thereafter for digital videotape recorders and digital still cameras that use Ampex inventions.

Ampex had filed complaints against Sony in the U.S. District Court for the District of Delaware and with the U.S. International Trade Commission.

The federal lawsuit...
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