RIM and Visto finally settle worldwide patent infringement lawsuits

10 Comments

The battle between RIM and Visto has been going on for some time now. Last we heard, Visto had paid RIM for certain patent infringements but there were 21 patent claims outstanding for the US Patent Office to rule on. The patents concern email synchronization between devices and local servers.

It seems that yesterday, the two companies have come to a definitive agreement to settle all outstanding worldwide patent litigation between the companies.

The agreement includes a perpetual and fully-paid license on all Visto patents for RIM, a transfer of certain Visto intellectual property, a one-time payment by RIM of US $ 267.5 million to Visto and the parties executing full and final releases in respect of all outstanding worldwide litigation.

The settlement is expected to be completed during the week of July 20, 2009 and is subject to certain closing conditions.

Accounting for these dollars in the 2nd quarter of 2010, will involve including the payments as an unusual item to be expensed, with the remained classified as an intangible asset. This is a considerable sum of money and it will be interesting to see what effect the resolution will have on RIM’s shares.

  • http://twitter.com/BlackBerryCool/statuses/2689452867 BlackBerryCool (BlackBerry Coo

    RIM and Visto finally settle worldwide patent infringement lawsuits http://bit.ly/6JHy8

  • http://twitter.com/BlackBerryCool/statuses/2689452867 BlackBerryCool (BlackBerry Coo

    RIM and Visto finally settle worldwide patent infringement lawsuits http://bit.ly/6JHy8

  • http://twitter.com/BlackBerryCool/statuses/2689452867 BlackBerryCool (BlackBerry Coo

    RIM and Visto finally settle worldwide patent infringement lawsuits http://bit.ly/6JHy8

  • http://twitter.com/RESQBug/statuses/2689610093 RESQBug (Allan)

    RT @BlackBerryCool: RIM and Visto finally settle worldwide patent infringement lawsuits http://bit.ly/6JHy8

  • http://twitter.com/jrbbl/statuses/2689719334 jrbbl (jrbbl)

    RT @BlackBerryCool: RIM and Visto finally settle worldwide patent infringement lawsuits http://bit.ly/6JHy8

  • http://Generalpatent.com/ Josh K22

    It is probably for the best of both companies to settle the dispute but who got the better end of the deal here? From my understanding this is not RIM’s first foray into patent litigation. I wonder how the agreement compares to other agreements on similar technology.

    For more on patent litigation see, http://www.generalpatent.com/patent-litigation

  • http://Generalpatent.com Josh K22

    It is probably for the best of both companies to settle the dispute but who got the better end of the deal here? From my understanding this is not RIM’s first foray into patent litigation. I wonder how the agreement compares to other agreements on similar technology.

    For more on patent litigation see, http://www.generalpatent.com/patent-litigation