Apple Will Pay Elan Microelectronics $5 Million To Settle Patent Infringement Case

[ via Huffington Post ] 5 Jan

Elan Microelectronics Corp, a Taiwanese touch design company, said on Thursday that Apple Inc will pay $5 million as part of a settlement in a patent infringement case. The statement said the two companies would also exchange authorizations to use each other's patents, Huffington Post reports quoting Reuters.

In 2009, Elan sued Apple in the United States over two patent infringements and the California-based giant counter-sued later the same year.

The U.S. International Trade Commission (ITC) ruled in favour of Apple in June last year, saying Apple had not violated U.S. trade law.

Read more: Huffington Post

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Posted in: Apple, Business, Elan, Lawsuit