Samsung & Sprint Escape GPS Trial With Settlement

Law360, New York (February 27, 2006, 12:00 AM EST) -- Opting to settle rather than go to trial, telecommunications giants Samsung Electronics Co. and Sprint Nextel Corp. have put an end to a long-standing patent infringement lawsuit brought against them by New York-based engineering company ITT Industries Inc. over Global Positioning System technology.

ITT announced the settlement on Friday, though the company refused to reveal any details of the arrangement.

“ITT is pleased with this outcome, and our actions demonstrate that we remain committed to protecting and exploiting ITT’s valuable intellectual property portfolio,” said Vince Maffeo,...
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