Sony Corp. (SNE) and LG Electronics Inc. (066570) have settled patent-infringement claims they had lodged against each other over digital televisions and mobile phones, filings with a U.S. trade agency and U.S. courts show.
The companies have reached a “memorandum of understanding,” Sony and LG wrote in filings seeking the dismissal of cases at the International Trade Commission in Washington, which has the power to block imports. Sony and LG also filed requests to dismiss lawsuits pending in federal court, citing a confidential settlement. Terms weren’t disclosed.
Tokyo-based Sony and Seoul-based LG had accused each other of infringing patents related to digital televisions and computer monitors. LG had sought to block U.S. imports of Sony’s Bravia televisions and PlayStation 3 consoles, while Sony had claimed that LG televisions and mobile phones infringed its patents.
According to a civil suit that LG’s Zenith unit filed against Sony in October, the companies had been unable to reach an agreement to renew a license that expired last year.
The dispute launched suits and countersuits in the U.S. and Europe. Sales of PlayStation 3 game consoles were halted for a month earlier this year in the Netherlands.
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