VIZIO And LG Settle Patent Disputes, Keep On Keeping On

And just like that, all is right in the television world again. Or, at least between two giants in the industry who have been at each other's throats lately. LG and Vizio have been fighting over patents the past few years, but it looks like they're both resolving to let bygones be bygones in 2011. Vizio just announced that they have signed a settlement agreement together with cross license agreements ending a patent dispute with LG Electronics.



If you can remember that far back, these disputes started in 2008. For around three years now, both companies have been bickering about who owns what, and who owes what.
The settlement encompasses actions that LGE and VIZIO filed in the U.S. including in the International Trade Commission resulting in various orders and determinations, but none of the terms will be released to the public. Both parties will be filing requests to have the disputes thrown out in the appropriate courts, and we're left to assume that both will continue with business as usual now that the case is finally off of their backs.

Who's the real winner here? Hard to say between these two, but at least they'll be spending less in legal fees and hopefully more on R&D to get better products out to the world at large.


VIZIO Resolves Patent Dispute with LG Electronics

Irvine, CA -- November 18, 2010 -- VIZIO, America's HDTV and Consumer Electronics Company, announced today that it has signed a settlement agreement together with cross license agreements ending a patent dispute with LG Electronics, Inc. ("LGE") that began in 2008.

The settlement encompasses actions that LGE and VIZIO filed in the U.S. including in the International Trade Commission resulting in various orders and determinations. The terms of the settlement agreement and the cross license agreements were not released. The parties will file requests for dismissal of all outstanding actions in the appropriate courts.
Via:  VIZIO
Tags:  HDTV, VIZIO, Lawsuit, suit
Comments
3vi1 3 years ago

All that kicking and screaming, and the only ones benefiting were those doing the kicking and screaming. Sad.

Of course they'll be able to use these patents against, or defensively to, other companies. I imagine that will be another event with a lot of kicking and screaming that eventually ends in cross licensing. So, the lawyers will make a lot of money again (which we pay for in every monitor sold) and no real value will be added.

Who does this really hurt, other than the new small start-up? A small company might have a really unique display technology, but it's not going to do them very much good against the established megacorps when every little thing from the connectors to the power buttons have been patented.

coolice 3 years ago

I agree! some patents are soo stupid. I was at a bio-med seminar once, and pharmaceutical are the WORST!. patenting bloody enzymes in seeds??

The ***... that seed is grown on earth... how the *** can u patent the entire seed itself. I understand if you patent the process of which an enzyme is extracted, but not the entire seed.

animatortom 3 years ago

Chinese companies fighting about who owns the patent to the technology they got from americans in the first place?!

Who is the reall winner? We inovate they dominate!

The next patent dispute will be over which one owns the rights to the Iphone, the Ipad, and the Star Wars franchise:P LG or Samsung!

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