Rambus Chips Away at Samsung Suit
By
Rambus shares spiked today in response to a court filing seeking a dismissal of litigation in Virginia against vs. Samsung, the world’s second-largest chipmaker and the largest memory manufacturer. Shares of Rambus (RMBS) are up over 5% on the news.
Rambus requested that a Virginia federal district court dismiss a Samsung lawsuit, in part because it had signed a covenant agreeing not to sue Samsung for infringement on four patents. Rambus asked that Samsung’s claims be dismissed, as well as its counterclaims against Samsung. The dismissal request would pertain only to the Virginia case and the covenant not to sue pertains only to products made up until now. It does not cover future products.
Comments are closed.