SAN FRANCISCO (Reuters) - Microsoft Corp (MSFT.O) is demanding $6.9 million interest from Samsung Electronics (005930.KS) in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday.
Microsoft is asking the court to rule that it did not breach a business collaboration agreement with Samsung, and that Samsung must pay interest on more than $1 billion in royalty payments which it delayed in protest at Microsoft's planned purchase of rival Nokia's handset business.
A redacted version of the lawsuit was filed by Microsoft in August.
Samsung made royalty payments on time to Microsoft during the first fiscal year after they signed their 2011 agreement, the lawsuit said.
However, after Microsoft announced the Nokia deal in September 2013, Samsung initially refused to make another payment, arguing that the Nokia deal breached its licensing agreement with Microsoft. It eventually paid late without adding interest, according to the lawsuit.
Samsung did not immediately respond to a request for comment on Friday.
Microsoft has successfully argued that Google Inc's (GOOGL.O) Android mobile system uses some of its technology, and as a result most hardware makers, including Samsung, have agreed to pay patent royalties on Android handsets.
Motorola is one of the main holdouts, and that company has been in litigation against Microsoft since 2010.
The lawsuit in U.S. District Court, Southern District of New York is Microsoft Corp vs. Samsung Electronics Co Ltd, 14-6039.
(Reporting by Dan Levine and Bill Rigby; Editing by Lisa Shumaker)
FIND OUT MORE ABOUT 'BEN Latest News'
'Like us on Facebook'
http://www.facebook.com/pages/BEN-Latest-News/443681719077160
'Follow us on Twitter'
www.twitter.com/benlatestnews
For Advertisment and Partnering with us contact the CEO on:
BEN Latest News™
BB PIN: 260158B5
Skype: cwizard123
Phone: (+234)-807-591-2014
Work: (+234)-903-027-0566
Mobile: (+234)-818-505-0866
BizLine:(+234)-812-595-5300
Email: cwizard123@gmail.com
BLNs: benlatestnews@gmail.com
On: Facebook, Twitter | LinkedIn - cwizard123
Friday, 3 October 2014
Home »
» TECHNOLOGY NEWS: Microsoft says Samsung owes $6.9 million in unpaid interest
TECHNOLOGY NEWS: Microsoft says Samsung owes $6.9 million in unpaid interest
23:35
No comments
Related Posts:
CELEBRITY NEWS 17 year old Kylie Jenner admits she doesn't know how to do laundry or iron her own clothes17 year old Kylie Jenner who owns a new $2.7M Spanish-style, five-bedroom mansion located a few feet away from her sisters' homes admitted to her sisters Kim and Khloe Kardashian at Sunday's episode of Keeping up with t… Read More
CELEBRITY NEWS: D'banj grows his beard + who knew he had this skill? (watch)Bangalee's beard is growing longer and thicker. Meanwhile who knew he could twirl and toss a baton like that? (abi what do they call it?) He went to military school so that explains it. Watch it after the cut...Linda Ikeji___… Read More
CELEBRITY NEWS Dr Sid's wife sends him loving shout-out as he turns a year olderA loving message from Simi Esiri, who is expecting a daughter, as Dr Sid turns a year older today.____________________________________FIND OUT MORE ABOUT 'BEN Latest News' 'Like us on Facebook' http://www.facebook.com/pages/… Read More
CELEBRITY NEWS father blocks his own daughter on instagram? Damon Dash didJay-Z's former manager and business partner Damon Dash has been going in on his babymamas on social media recently after an arrest warrant was issued for him by a court in New York for failure to pay back child support. … Read More
LOST OF ICON Veteran Nollywood actor Peter Bunor diesVeteran actor Peter Bunor has died after battling with stroke for several years. The actor died yesterday May 1st. His son, Peter Jr, who is also an actor took to Facebook to announce his passing. "In the early hours of … Read More
0 comments:
Post a Comment