Samsung agrees to pay Apple $548 million in damages—with conditions
Samsung Electronics has agreed to pay Apple US$548 million in damages in a patent infringement lawsuit in California, which will be the first shot at compensation Apple will get in the dispute that has dragged on for several years with many twists and turns.
The move by Samsung follows the rejection last month by the U.S. Court of Appeals for the Federal Circuit of a full-bench hearing to review the damages award in the patent dispute in the light of new information about an Apple patent.
The South Korean company has confirmed to Apple that it will pay the iPhone maker the damages within 10 days of the delivery of Apple’s invoice to Samsung, according to a joint case management statement filed in the U.S. District Court for the Northern District of California, San Jose division on Thursday.
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