Monday, August 20, 2012

Samsung and Apple CEOs to attempt settlement talks one last time before trial goes to jury


If there is any hope to see a settlement reached in the blockbuster patent trial of Apple v. Samsung, it lies in a final round of talks between company CEOs Tim Cook and Kwon Oh Hyun occurring today before the case goes to jury. Per yet another request by Judge Lucy Koh for the two parties to come to some sort of agreement, the heads of Apple and Samsung will hold a phone call to discuss the viability of settling out of court.
Previous attempts to reach a deal have been hindered by Apple’s demand for absurdly high royalties and Samsung’s insistence that the patents in question are not as valuable as the iPhone maker believes. Signs again point to the two sides not reaching an agreement, at which point the trial will go to jury on Wednesday. There is still a very real possibility that a deal is reached at a later point, but it would likely involve settlements in other cases between Samsung and Apple around the globe.
[via Bloomberg]

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