LG Settles With Wi-LAN

LG Settles With Wi-LAN

December 23, 2010

1 Min Read

OTTAWA -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN), a leading technology innovation and licensing company, today announced that WiLAN has settled all pending wireless patent litigation with LG Electronics Mobilecomm U.S.A., Inc. and LG Electronics, Inc. (collectively, "LG"). As a result of the settlement, LG has obtained a multi-year license to certain patents of WiLAN. LG will make a series of fixed cash payments to WiLAN. Other terms of the agreement are confidential.

LG is the 12th cellular handset manufacturer to take a license from WiLAN.

As a result of this settlement, civil actions 2:08-cv-247, 2:10-cv-124 and 6:10-cv-521 filed by WiLAN against LG in the U.S. District Court for the Eastern District of Texas will be dismissed. Civil action 10-cv-432, involving WiLAN's V-Chip technology, filed by WiLAN against LG Electronics, Inc. and LG Electronics U.S.A., Inc. in the U.S. District Court for the Southern District of New York will continue.

Wi-LAN Inc. (Toronto: WIN) (Nasdaq: WILN)

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