Apple to Pay $25 Million for Settlement in Patent Case
“Apple has agreed to pay $25 million to settle a patent infringement lawsuit brought by Network-1 Technologies, which was suing over a patent from 1999 that basically just describes a simple file system function,” Jacob Kastrenakes reports for The Verge.
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“The patent originated at Yale in 1996,” Kastrenakes reports. “Its creator then founded a company called Mirror Worlds, which began a long-running and expensive lawsuit against Apple.”
Kastrenakes reports, “That lawsuit — involving this very same patent — resulted in a $625 million judgement, which was later overturned.”
Read more in the full article here.
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