InterDigital Inc (IDCC)

[Dave Davis]

A little more from MTS:

Basically, Nokia's lawyers argued the merits of the arbitration. There was nothing about malfeasance, corruption, etc.

The judge repeatedly asked the Nokia lawyers to point him to some case law that would enable him to vacate or modify the arbitration decision, and they could not come up with anything.

MTS also said that the original arbitration hearing lasted 2 months, included 25 witnesses, and resulted in a 34 page decision.

He said that, toward the end of the hearing, the Nokia lawyer reminded the judge that there were members of the investment community in the courtroom.

My comment. Perhaps the Nokia lawyer was afraid the judge might make his ruling right then and there, and he wanted to give the judge a reason to hold off on making a decision.