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NewsPoster Sep 24, 2013 11:35 AM
Samsung, LG Display settle display technology patent lawsuit
Samsung and LG Display are ending their display-related patent lawsuits against each other, with a view to working together on the technologies in the future. The agreement, which effectively ends a courtroom battle that commenced in <a href="" rel='nofollow'>September 2012</a>, was rumored to have been close to <a href="" rel='nofollow'>dropping in March</a> of this year, but has only just finished. <br />
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Statements from the two companies received <a href="" rel='nofollow' target="_self" title="">by</a> <em>The Standard</em> confirms the ending of legal action. "It was agreed that we two should focus more on cementing our leadership in the global market by cooperation, instead of engaging in all-consuming patent disputes," said Samsung Display. LG Display echoed the sentiment, writing "What's most important for both of us is upgrading our competitiveness globally."<br />
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The initial injunction from Samsung claimed that LG had stolen Samsung's technologies in OLED and LED displays, with Samsung seeking approximately $880,000 in compensation for instances where LG used said technologies or made confidential intellectual properties public. A number of senior engineers were indicted on charges of leaking confidential information from Samsung to LG, with Samsung also demanding an apology and a pledge from LG to not poach any more Samsung employees. <br />
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Despite the two companies working together to clear up one patent-related legal mess, there is still no love lost between them. Samsung has sued LG for "<a href=" .court/" rel='nofollow'>tarnishing</a> its corporate image" when both sides argued over kitchen appliance capacities, while LG has attempted to <a href=" ch/" rel='nofollow'>ambush the launch</a> of the Samsung Galaxy S4 by strategic Optimus G advertisement creation and placement, and also accused Samsung of infringing on its own <a href="" rel='nofollow'>eye-tracking patents</a> in the smartphone.
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