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."
Nov 29, 2018
T-Mobile has rolled out a digital banking service called T-Mobile Money. T-Mobile says T-Mobile Money is available to T-Mobile customers as well as non-customers.
Mar 29, 2017
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
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.
Oct 2, 2017
Samsung cannot force customers who've filed class-action lawsuits into arbitration, according to the U.S. Supreme Court.
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.