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Vizio and LG Settle on Patent Disputes
Thu Jan 20, 2011 at 12:00 PM ETTags: Vizio, LG (all tags)
LG dropped the cases, but terms for the settlement were not discussed publicly.
The suits between LG and Vizio have been in the works for quite some time, but they’ve finally come to a close thanks to an agreement between the two companies.
The original lawsuits were brought to the International Trade Commission as well as courts both in the US and in Taipei. LG claimed that Vizio and the television manufacturer AmTran were infringing on patents held by LG.
On the same day that the ITC was scheduled to rule on banning Vizio TV sales in the US the two companies came to an agreement and called off the suits. That ends two years of court battles between the rival TV makers.
Source: Bloomberg
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