Arista Agrees To Pay Cisco $400M On Eve Of Antitrust Trial
Law360 (August 6, 2018, 1:03 PM EDT) -- On the eve of trial in Arista Networks Inc.'s antitrust suit against Cisco Systems Inc. in California federal court on Monday, the parties settled multiple disputes in a deal that sees Arista paying $400 million and Cisco dropping patent infringement allegations.
Cisco and Arista have entered into an agreement that will end all pending district court and International Trade Commission litigation between the parties, according to securities filings. (AP)
According to securities filings, Arista Networks and Cisco Systems entered into a binding term sheet on Monday, which, upon execution of a final agreement, will result in the dismissal of all pending...
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