Nokia Mulls Appeal Of $252M+ Arbitration Award

Law360, New York (July 5, 2005, 12:00 AM EDT) -- Mobile handset maker Nokia is considering a move to contest an arbitration court's award of at least $252 million in royalty payments in a patent dispute with U.S. wireless technology vendor InterDigital, the company said Tuesday.

“Nokia is pleased that all three arbitrators concluded that the royalties being sought by InterDigital were unwarranted and reduced them by more than half,” the Finnish company said in a statement.

“At the same time, Nokia must give due consideration to the issues regarding the enforceability of the decision and...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.