Huawei and Verizon settle patent lawsuits mid-trial without disclosing terms

//Huawei and Verizon settle patent lawsuits mid-trial without disclosing terms

Huawei and Verizon settle patent lawsuits mid-trial without disclosing terms

Huawei Technologies Co and Verizon Communications Inc agreed in the midst of a federal jury trial in Texas to end two patent-infringement lawsuits over royalties on telecommunications technology.Representatives of both companies said they were pleased with the settlement, the details of which they said were confidential.US District Judge Rodney Gilstrap on Monday approved the joint motion to dismiss the cases, filed Sunday by the companies.Verizon shares rose 19 cents to US$56.26 at 12:11pm New…

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By | 2021-07-13T02:02:45+00:00 July 13th, 2021|Technology|Comments Off on Huawei and Verizon settle patent lawsuits mid-trial without disclosing terms