- License agreement ends all patent infringement lawsuits between the companies, including a lawsuit that went to trial earlier this year and resulted in a USD 43 million jury verdict for Intellectual Ventures
- As a consequence, Ericsson expects a negative impact on operating income within Segment Networks in Q2 2019
Ericsson (NASDAQ: ERIC) and Intellectual Ventures have signed a license agreement ending all patent infringement lawsuits between the companies, including a lawsuit that went to trial earlier this year and resulted in a USD 43 million jury verdict for Intellectual Ventures. Since 2012, Intellectual Ventures has filed a number of patent infringement lawsuits against Ericsson and its customers in the U.S. and Europe seeking injunctions and monetary damages. While the terms of the agreement are confidential, Ericsson expects a negative impact on operating income within Segment Networks in Q2 2019.
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