Pantech Licenses FlashPoint Imaging Tech To Exit ITC Suit

Law360, New York (May 14, 2013, 12:18 PM EDT) -- Korean smartphone maker Pantech Co. Ltd. has reached a deal to resolve accusations that it imported phones and tablets that infringed FlashPoint Technology Inc.'s digital camera patents, according to a settlement approved Friday by the U.S. International Trade Commission.

Pantech will pay to license 10 of FlashPoint's patents for digital imaging technology, which the company claims it already licenses to smartphone giants Apple Inc. and Samsung Electronics Co. Ltd. for their widely popular phones and tablets. Further details of the arrangement were not disclosed.

The deal...
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