Friday, September 5, 2014

ST and Tessera settle pending litigation

SAN JOSE, USA & GENEVA, SWITZERLAND: STMicroelectronics NV and Tessera Technologies Inc. announced that they reached a settlement of all outstanding claims and litigation between them.

STMicroelectronics Inc., STMicroelectronics N.V., and Tessera Inc. agreed to dismiss all claims and counterclaims pending in the United States District Court for the Northern District of California with prejudice. The terms and conditions of the agreement between the companies are confidential.

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