Cree, BU Settle With Bridgelux Over LED Patents

Law360, New York (December 30, 2008, 12:00 AM EST) -- Light-emitting diode maker Cree Inc. and Boston University have agreed to settle litigation with LED newcomer Bridgelux Inc., thus ending a patent dispute that pitted one brother against another.

Under the settlement, Cree granted Bridgelux a license to the patents-at-issue in exchange for a license fee and royalties. The companies also entered into a supply agreement under which Cree will become a significant supplier to Bridgelux, the companies said.

The monetary terms of the settlement were undisclosed.

“We are pleased that Cree and Bridgelux were able...
To view the full article, register now.