InterDigital Inc (IDCC)

[olddog967]

FISH: As usual mickey's post are his non-factual opinion as to the way things happened or should have happened. Below is a short summary of the LG situation.

The LG agreement (i.e. contract) called for LG to pay IDCC $285 million. In turn, IDCC granted a license to LG allowing them to use IDCC’s 2G and 3G patents in their products for five years ending Dec 31, 2010, without being charged with infringement. In addition, if at the end of the five years LG had met all the license terms, they were given a fully paid up license for the 2G patents.

After the five year period, LG had no legal obligation to pay IDCC anything, and IDCC was free to sue them for infringement of its 3G patents.

After the license expired on Dec 31, 2010, and no new agreement was reached, in Oct 2011, IDCC filed an infringement action against LG with the ITC (‘800 investigation); and as usual also filed a companion District Court case. After various legal actions related to the ITC case, IDCC requested that the case be dismissed. As far as the companion District Court case, that case was immediately stayed and is still stayed, see my recent post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133347856&txt2find=LG