RIM, NTP Settle Patent Suit
The BlackBerry maker will pay NTP $450 million to settle a long-standing patent dispute.Research In Motion Ltd. has agreed to shell out $450 million to Arlington, Va.-based patent holding company NTP Inc. to settle a patent dispute over its BlackBerry wireless technologies. "NTP will grant RIM and its customers an unfettered right to continue its BlackBerry-related wireless business without further interference from NTP or its patents," RIM, of Waterloo, Ontario, said in a statement.
RIM has been embroiled in a legal battle with NTP since 2001, when NTP charged in a lawsuit that it owns the patents on wireless technology used in RIMs popular BlackBerry devices and server software. In August 2003, a U.S. court awarded NTP $53.7 million in damages and ordered an injunction that would prevent RIM from making, selling or servicing its devices and server software in the United States. That injunction, however, was stayed while RIM appealed the decision.