BlackBerry Wins $815M from Qualcomm for Overpaying Royalties
BlackBerry today said it received a favorable outcome after arbitrating a royalty payment issue with Qualcomm. The two companies entered into arbitration on April 20, 2016, over a dispute concerning "whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties." The binding arbitration settlement determined that Qualcomm's agreement did in fact apply to such payments, resulting in BlackBerry paying Qualcomm too much money. BlackBerry was awarded $814.8 million in royalty overpayments. Qualcomm said it was disappointed with the decision, but it cannot appeal. BlackBerry CEO John Chen said, "BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners."
Qualcomm Must Pay BlackBerry $940M to Settle Royalty Spat
May 26, 2017
BlackBerry today announced the final award in an arbitration case between it and Qualcomm that was tentatively settled in April. Qualcomm must repay BlackBerry of a total amount of $940 million, including interest and attorneys' fees — a number that's $125 million more than the original award announced last month.
Samsung's Arbitration Appeal Rejected By Supreme Court
Oct 2, 2017
Samsung cannot force customers who've filed class-action lawsuits into arbitration, according to the U.S. Supreme Court.
BlackBerry to Keep John Chen As CEO Through 2023
Mar 15, 2018
BlackBerry today said it has extended its contract with CEO John S. Chen, who will serve as chief executive through November 2023.
BlackBerry CEO Says 2016 May Be Last Year for Smartphones
Oct 8, 2015
BlackBerry CEO John S. Chen today said its smartphone business needs to generate a profit in 2016, "Otherwise, I have to think twice about what I do there." Chen's comments offer more insight into BlackBerry's frame of mind regarding smartphones.
Jury Says Samsung On the Hook for $539M Over Apple Designs
May 24, 2018
A California jury today decided that Samsung must pay Apple $539 million for copying its smartphone designs. The decision comes after a retrial concerning the amount of damages owed for the 2012 case that found Samsung guilty of infringing on Apple's design patents.