Thursday, February 18, 2016

Marvell Technology to Pay Carnegie Mellon $750 Million Over Patents; Reuters via New York Times, 2/17/16

Reuters via New York Times; Marvell Technology to Pay Carnegie Mellon $750 Million Over Patents:
"Marvell Technology Group Ltd on Wednesday said it will pay Carnegie Mellon University $750 million to settle a nearly seven-year-old lawsuit accusing it of infringing two hard disk drive patents held by the Pittsburgh school.
The accord was announced six months after a federal appeals court said an earlier $1.54 billion damages award against the chipmaker should be reduced significantly and that a new trial be held, but that Marvell must pay at least $278.4 million...
Carnegie Mellon had sued Marvell in March 2009 over patents issued that related to how accurately hard disk drive circuits read data from high-speed magnetic disks.
The university said at least nine Marvell circuit devices incorporated the patents, which were issued in 2001 and 2002, letting the company sell billions of chips without permission."

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