- Apr 12, 2001
Apple CEO Tim Cook and Samsung Electronics CEO Oh-Hyun Kwon have agreed to attend a mediation session on or before February 19, in advance of a March court battle over smartphone patents, reports Reuters.
In late December, The Korea Times reported the two companies had resumed settlement talks in their ongoing negotiations over their patent-infringement dispute and that Samsung Mobile CEO Shin Jong-Kyun could be heading to the United States to meet with Cook.Apple CEO Tim Cook and Samsung CEO Oh-Hyun Kwon will attend the session with in-house lawyers only, according to a Wednesday court filing. Their legal teams had met on January 6 to "discuss settlement opportunities," the filing read.
Cook had met with former Samsung CEO Choi Gee-Sung in 2012 to discuss the subject, but talks fell through because Samsung would not accept Apple's patent royalties demand. The two companies also met last year in Seoul, Korea but discussions failed to progress.
This is yet another turn in the long, ongoing patent battle between Samsung and Apple, which began in 2011 and continued into 2012 when Apple was awarded $1 billion in damages in a U.S. trial. A judge voided nearly half of that award in March 2013, and then ruled in November 2013 that Samsung was to pay Apple $290 million for willfully violating multiple patents. Another infringement lawsuit between the two companies will be held on March 31, with another trial centering around Apple's call for a U.S. ban on Samsung products. This is all in addition to other patent trials between the two companies taking place all over the world.
Article Link: Apple and Samsung CEOs Agree to Mediation Meeting in U.S. Patent Fight