Ericsson Shares Slump as It Starts Legal Fight With Samsung
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Ericsson is suing Samsung Electronics Co. Ltd. in the U.S., in a dispute that alleges the South Korean telecoms giant hasn’t followed a licensing agreement between the two companies.
The case will address alleged breaches of certain obligations by Samsung “and seeks to obtain a ruling by the court that Ericsson has complied with its own commitments,” according to a statement on Friday.