Matsushita, LG Settle Patent Dispute Over Plasma Displays

Law360, New York (April 3, 2005, 12:00 AM EST) -- South Korea’s LG Electronics Inc. and Japan’s Matsushita Electric Industrial Co. Ltd. have settled a bitterly fought patent dispute over plasma display panels and agreed to enter a cross-licensing arrangement.

The companies said the cross-licensing agreement will include personal computers and DVD technology as well as plasma displays.

"LG Electronics and Matsushita welcome an early settlement of the pending disputes," they said in a joint statement. "As a result of the settlement, the companies reconfirmed continued cooperation in other business areas."

The two companies also agreed...
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