« IDCC Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Nokia finally had to fork over the $500,000 bond from when they 

By: my3sons87 in IDCC | Recommend this post (1)
Sat, 28 Jul 12 1:01 AM | 505 view(s)
Boardmark this board | InterDigital Communications
Msg. 45725 of 48237
Jump:
Jump to board:
Jump to msg. #

aaledged they wanted to arbitrate in the old ITC case which is now on appeal at the CAFC.

From IDCC's 10Q filing.

Nokia New York Southern District Proceeding

Reference is made to the notice of appeal filed by InterDigital with the United States District Court for the Southern District of New York (“New York District Court”) as previously disclosed in the 2011 Form 10-K and the First Quarter 2012 Form 10-Q, in which InterDigital indicated that it was appealing to the U.S. Court of Appeals for the Second Circuit (the "Second Circuit") the New York District Court's March 10, 2010 order denying InterDigital's motion to collect against the preliminary injunction bond posted by Nokia in March 2008 in connection with a preliminary injunction that was later ruled to have been wrongly obtained. On April 30, 2012, the Second Circuit issued a summary order affirming the District Court's order granting InterDigital's motion to recover the full amount of its $500,000 preliminary injunction bond. InterDigital received the $500,000 on June 14, 2012, and such amount was recorded as a reduction of patent administration and licensing expense in second quarter 2012.




» You can also:
« IDCC Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next