InterDigital Inc (IDCC)

[The Count]

8-K out (nothing new): Stays of court action

http://biz.yahoo.com/e/070615/idcc8-k.html



Form 8-K for INTERDIGITAL COMMUNICATIONS CORP


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15-Jun-2007

Other Events



Item 8.01. Other Events.
The United States District Court for the District of Delaware ("District Court") has entered two Stipulated Orders staying proceedings, in a first matter of InterDigital Communications Corporation and its wholly-owned subsidiary, InterDigital Technology Corporation, (together, "InterDigital") against Samsung Electronics Co. Ltd and certain of its affiliates (collectively, "Samsung Electronics"), and in a second matter of Samsung Telecommunications America LLP and certain of its affiliates (collectively, "Samsung Telecommunications") against InterDigital and certain InterDigital affiliates. Both Stipulated Orders were agreed to by the parties.

One of the Stipulated Orders stays InterDigital's District Court proceeding against Samsung Electronics until the United States International Trade Commission's ("ITC") determination becomes final. Specifically, InterDigital's District Court proceeding against Samsung Electronics parallels an investigation by the ITC against Samsung Electronics based upon a complaint by InterDigital alleging that Samsung Electronics has engaged in unfair trade practices by importing for sale certain 3G handsets and components that infringe four of InterDigital's patents.

The other Stipulated Order stays Samsung Telecommunications' District Court proceeding against InterDigital until September 14, 2007. In addition, although the parties are not limited in pursuing any legal actions with regard to any existing legal proceedings between them or their affiliates, it was agreed by the parties that any new proceeding brought by InterDigital or Samsung Telecommunications against the other party on or before September 14, 2007 would automatically terminate the stay in the Samsung Telecommunications' District Court proceeding against InterDigital.