LG, Samsung Abandon Display Panel Suits In S. Korea

Law360, New York (September 24, 2013, 5:07 PM EDT) -- Samsung Display Co. and LG Display Co. Ltd. have reportedly struck a deal to end all pending litigation in South Korean courts surrounding display panel technology patents in an effort to settle the disputes in a cooperative fashion.

According to company statements cited by the Wall Street Journal, the deal will end a series of lawsuits the companies have lobbed at one another over the past year, highlighting the competitive pressures in the market for next-generation displays.

Samsung in its statement said that the company had...
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