Apple has reportedly opted to settle a patent dipute with Elan to the tune of US$5 million. The settlement allows the company to avoid a trial and possible ban of Apple products. Elan's complaint was over two multi-touch patents.
Early last year, an International Trade Commission judge decided in Elan's favor when Elan brought a complaint that Apple had used its multi-touch patents in the iPhone. At the time, it was estimated that Apple could pay as much as $70 million in the case. With that bargaining chip off the table for Elan, it received significantly less this week.
Apple did counter-sue Elan, but this settlement has brought that to an end, too.
Apple pays $5 million to settle Elan lawsuit originally appeared on TUAW - The Unofficial Apple Weblog on Thu, 05 Jan 2012 16:00:00 EST. Please see our terms for use of feeds.
Source: http://www.tuaw.com/2012/01/05/apple-pays-5-million-to-settle-elan-lawsuit/
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