Patent troll WiLAN has long been pursuing BlackBerry for patent infringement. It looks like those days are over now as BlackBerry tries to settle these lawsuits to possibly smooth their acquisition or other “strategic initiatives.” Check out the details below though sadly we do not know which way this lawsuit went since the terms were not disclosed. My guess is BlackBerry offered to feed the troll some money since it "obtained a license to certain patents" and will "pursue licensing discussions regarding certain other wireless technologies."
OTTAWA, ONTARIO–(Marketwired – Oct. 9, 2013) – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASDAQ:WILN) today announced that BlackBerry Limited (“BlackBerry”) and WiLAN have reached an agreement to dismiss all pending patent litigations between the companies.
As part of the agreement, BlackBerry has obtained a license to certain patents in suit in Florida. As a result, all litigations between the companies in Florida will be dismissed with prejudice.
In addition, the agreement calls for the dismissal, without prejudice, of all litigation between the companies in Texas. The parties will pursue licensing discussions regarding certain other wireless technologies.
Specific financial terms of the agreement reached are confidential.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 270 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital TV receivers. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. For more information: www.wilan.com.
Forward-looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws. The phrases “will be”, “calls for”, “will pursue” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements and forward-looking information are based on estimates and assumptions made by WiLAN in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that WiLAN believes are appropriate in the circumstances. Many factors could cause WiLAN’s actual performance or achievements to differ materially from those expressed or implied by the forward-looking statements or forward-looking information. Such factors include, without limitation, the risks described in WiLAN’s March 7, 2013 annual information form for the year ended December 31, 2012 (the “AIF”). Copies of the AIF may be obtained at www.sedar.com or www.sec.gov. WiLAN recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of WiLAN’s forward-looking statements. WiLAN has no intention and undertakes no obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
All trademarks and brands mentioned in this release are the property of their respective owners.
