![](https://www.pymnts.com/wp-content/uploads/2023/11/Apple.jpg)
In a legal saga that has spanned over seven years, the California Institute of Technology (Caltech) has emerged victorious in its battle against tech giants Apple Inc. and Broadcom. The dispute, centered around patents for data transmission systems, has been a fixture in California’s federal courts since 2016, with a staggering $1.1 billion at stake.
The resolution came as U.S. District Judge George H. Wu officially approved a mutual agreement of dismissal, putting an end to the protracted legal skirmish. This decision marks the conclusion of numerous claims and counterclaims that have been exchanged between Caltech, Apple, and Broadcom over the years. Notably, each party involved will bear its own legal expenses, underscoring the autonomy of the decision.
Read more: Apple Battles Subpoenas In US Court Against Qualcomm
The settlement, shrouded in secrecy, introduces an intriguing clause that adds a unique dimension to the resolution. While details of the settlement remain undisclosed, it is known that Apple has been granted a defensive stronghold. This defensive position empowers Apple to retaliate vigorously should Caltech or any other entity attempt to challenge the same patents in the future. This stipulation hints at a cautious truce rather than a warm reconciliation between the parties involved.
As the curtain falls on this modern-day David and Goliath tale, the tech world awaits with anticipation to see how this settlement will influence future patent disputes and the dynamics between academic institutions and tech giants.
Source: USA Gerald
Featured News
Mexico Moves Forward with Reform to Eliminate Key Regulators, Including Competition Watchdog
Aug 23, 2024 by
CPI
DOJ Sues RealPage for Alleged Rent-Fixing Scheme Using AI Software
Aug 23, 2024 by
CPI
Advance Auto Parts to Offload Worldpac for $1.5 Billion
Aug 22, 2024 by
CPI
Bronfman Ups Ante to $6 Billion in Paramount Battle, Skydance Deal at Risk
Aug 22, 2024 by
CPI
Google and California Strike Historic Deal to Fund Newsrooms Amid Controversy
Aug 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich