Quanta agrees to pay royalties to LG
updated 04:40 pm EDT, Tue August 26, 2008
Quanta, LG settle lawsuits
The long-standing legal disagreement between LG Electronics and Quanta Computer Inc. has been settled, with Quanta agreeing to pay LG royalties for use of its patented computer technology, LG announced on Tuesday. The two companies entered into a settlement and license agreement, putting an end to two pending lawsuits over Taiwan-based Quanta using four of LG’s US patents without permission pertaining to DVD readers in notebook computers.
The pair of lawsuits were pending in the US District Court for the Northern District of California. The lawsuits were dismissed after the two companies reached an agreement, though specific information as to the amount of the royalties or how they are being paid has not been disclosed. The allegedly infringed-on patents have to do with the methods of data transaction in computers rather than the physical components.
The first case was filed in 2001, and the second earlier this year.
