Samsung will pay $548 million to Apple, has the right for reimbursement
The Samsung vs Apple patent legal case has been an exhausting one spanning nearly 5 years. Ultimately, after numerous rehearings, appeals and injunctions, Samsung has agreed to pay Apple $548 million. Both companies have filed a joint case management statement with the USDC (United States District Court) for the Northern District of California, in which Samsung states it has “has made arrangements to complete payment to Apple.”
The South Korean company is now in the process of waiting an invoice from Apple. If the document arrives before the weekend in Korea, Samsung will pay Apple the $548 million in damages by December 14.
Interestingly, in the case management statement, Samsung still shows hope that the judgement may be overturned and the company reserves its right to seek full or partial reimbursement of the money in such case.
Samsung continues to reserve all rights to obtain reimbursement from Apple and/or payment by Apple of all amounts required to be paid as taxes. […] Samsung further reserves all rights to reclaim or obtain reimbursement of any judgment amounts paid by Samsung to any entity in the event the partial judgment is reversed, modified, vacated or set aside on appeal or otherwise, including as a result of any proceedings before the USPTO addressing the patents at issue or as a result of any petition for writ of certiorari filed with the Supreme Court. Samsung notes that the Patent Trial and Appeal Board has issued a final decision of invalidity on the ’915 Patent, and Apple filed a notice of appeal to the Federal Circuit in the USPTO last week.
Naturally, in the case management statement, Apple writes that it “disputes Samsung’s asserted rights to reimbursement.” However, expect more news from the court battle between Apple and Samsung as the filing notes the agreement for the money transfer has been reached on November 2, but a settlement is yet to be made.