Tessera, Sony Reach 11th-Hour Deal In $93M Royalties Fight

Law360, San Francisco (October 28, 2013, 6:46 PM EDT) -- Tessera Inc. and Sony Corp. reached an eleventh-hour settlement Monday over claims that the Japanese giant violated a patent license with Tessera covering semiconductor technology between the two and failed to pay $92.6 million in royalties, the companies announced on the eve of trial.

The terms of the deal remained confidential Monday, although Tessera officials said in a statement that they would provide more details once the companies sign off on the settlement.

Attorneys for Tessera declined to comment further on the settlement Monday. Attorneys for...
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