Judge Uholds $230M Award Against Nokia
Nancy Gohring writes in InfoWorld:
Nokia Corp. should pay InterDigital Communications Corp. over US$230 million, according to a ruling by a New York judge, InterDigital said on Wednesday. The ruling confirms a decision made by a court of arbitration in June.
In 2003, the companies sought binding arbitration through the International Court of Arbitration of the International Chamber of Commerce after they disagreed over how to interpret a licensing agreement regarding InterDigital patents used by Nokia. Earlier this year, the arbitration court decided that Nokia owed InterDigital over $230 million.
posted by Fergie @ 12/29/2005 10:01:00 AM
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