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Friday, November 03, 2006 2:00:25 PM
The judge in the NOK case filed his decision on Dec. 28.
Judge Confirms Award For Interdigital In Nokia Dispute
By CHAD BRAY
December 28, 2005 2:07 p.m.
Of DOW JONES NEWSWIRES
NEW YORK -- A federal judge in Manhattan on Wednesday confirmed an arbitration award of about $250 million for InterDigital Communications Corp. (IDCC) in a dispute with cellular phone maker Nokia Corp. (NOK) over royalties.
In an order filed Wednesday in the Southern District of New York, U.S. District Judge William H. Pauley III upheld the award granted by an arbitration panel in June and denied Nokia's motion to vacate it.
"While this court does not necessarily agree with every finding of the panel, there is nothing so aberrant about the award to require vacatur," Judge Pauley said in his order. "This court confirms the award in its entirety."
The dispute revolves around royalties agreed to as part of licensing agreements entered into by InterDigital Communications and Nokia in January 1999.
A Nokia spokesman didn't immediately have a comment when reached Wednesday afternoon.
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