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Huawei and Verizon settle patent lawsuits with one trial already underway
- Tuesday | 13th July, 2021
(Reuters) – Chinese telecommunications company Huawei Technologies Co Ltd and US group Verizon Communications agreed to settle a pair of lawsuits alleging patent infringement, the companies both said on Monday. The confidential settlement came days into a trial that opened in one of the two lawsuits last week. Huawei and Verizon filed joint motions to dismiss both cases and Verizon’s counterclaims late on Sunday in two US courts in Texas. Verizon said it was “happy with the settlement reached with Huawei involving patent lawsuits. In June 2019, Reuters reported that Huawei told Verizon it should pay licensing fees for use of more than 230 of its patents and was seeking more than $1 billion.
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