NICE, Dictaphone Settle Patent Litigation

Law360, New York (December 11, 2003, 12:00 AM EST) -- Israel-based NICE Systems and Dictaphone Corporation agreed to dismiss all claims and counterclaims in connection with Dictaphone's patent infringement suit against NICE, the two companies said.

Under the terms of the settlement, NICE will pay Dictaphone $10 million, of which approximately $4.9 million is covered by insurance, the companies said in a statement.

Furthermore, Dictaphone and NICE will each grant the other a worldwide, royalty-free, perpetual license to some of their patents, including the disputed patents.

The two companies further agreed to enter into enforcement proceedings...
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