RIM Hands Over BlackBerry Settlement

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Research In Motion Ltd., the manufacturers of the BlackBerry, and NTP Inc. reached a $612.5 million settlement in early March to end their long-running patent litigation.

The resolution averts a potential court-ordered shutdown of the tremendously popular mobile “push” e-mail service in the United States, and is a “full and final settlement of all claims,” the companies said.

NTP claimed RIM infringed on its patents for technology at the heart of the BlackBerry. A court-issued injunction to shut down the service in the United States except for government and emergency workers until the case was resolved was widely expected prior to the settlement.

Links
NTP Inc. www.ntp.com
Research in Motion Ltd. www.blackberry.com

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