Samsung and Kodak Settle Patent Disputes

Posted Dec 27, 2009

Eastman Kodak Company (NYSE:EK) and Samsung Electronics have settled a patent dispute and has entered a cross-license agreement as a result. Samsung will be paying Kodak undisclosed sums for payments as part of future royalty obligations too.

The agreement was made as a result of a United States International Trade Commission judge ruling that Samsung was violating two of Kodak’s camera patents. If an agreement was not reached between both companies, the Commission would have a deeper investigation.