InterDigital Inc (IDCC)

[olddog967]

my3sons: ASUS already has a license with IDCC and apparently has been paying royalties under the contract (see below from 10-K). ASUS basically wanted to void the contract and recover what they claimed were excessive non-FRAND royalties.

"On April 17, 2018, the parties served opening expert reports in the CA Northern District Court proceeding. Asus’s damages expert contends that Asus is currently owed damages in the amount of $75.9 million based on its claims that InterDigital charged royalties inconsistent with its FRAND commitments. Those damages, which represent a substantial portion of the royalties paid by Asus through third quarter 2017, do not reflect Asus’s most recent royalty payments. Asus also seeks interest, costs and attorneys’ fees, as well as, in connection with its Sherman Act claim, treble damages."