Apple Inc (AAPL) and Samsung Pacts To Terminate Lawsuits Outside U.S.

In a bid to curtail the growing legal entangles that intensified in the last few years, Apple Inc. (NASDAQ:AAPL) and Samsung have chosen to wrap up their legal suits in all countries except the United States. The two firms have been chained into a series of legal cases relating to a number of patent infringement cases in nine countries which includes South Korea, Germany, UK and Japan but excludes the United States. However, the two companies have now issued a joint statement stating that they have agreed to close legal suits outside the U.S. and that their agreement does not include any licensing arrangements, BBC has reported.

AAPL Apple Store

The first legal attack was made by Apple Inc. (NASDAQ:AAPL) on Samsung in 2011 in the U.S. The iPhone maker claimed that the South Korean company infringed upon a number of its features, which are adopted in Samsung’s Galaxy phones and tablets. In response to Samsung also sued Apple Inc. (NASDAQ:AAPL) in various countries for copying some of the features like synchronization of photos, videos and music files with multiple devices and the process of capturing and sending video over the internet. Apple Inc. (NASDAQ:AAPL) defended these cases by filing counter claims against all lawsuits, which stand to be withdrawn now.

However, the U.S. pie is too big to be left by each company as they will continue to pursue their present cases in the U.S. So far, Apple Inc. (NASDAQ:AAPL) has secured the decision of two cases in its favor, which includes the court’s recent decision in May that ordered Samsung to pay $119.6 million to Apple. However, Apple was also found guilty of copying Samsung’s features and was asked to pay $158,000 in damages. Other than this, a separate jury had ruled a case against Samsung and had ordered it to pay nearly $1.05 billion to Apple Inc. (NASDAQ:AAPL) for infringing the latter’s intellectual property, but the case is still attacked by Samsung.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!