http://money.cnn.com/2006/03/03/technol ... tm?cnn=yes
Blackberry maker, NTP ink $612 million settlement
Research in Motion and patent holding company reach a deal that averts a possible shutdown of the wireless e-mail service.
March 3, 2006: 5:16 PM EST
NEW YORK (CNNMoney.com) - Blackberry maker Research in Motion said Friday it agreed to pay $612.5 million to patent holding company NTP to settle a long-running dispute that had threatened to shut down the popular wireless e-mail service.
Canadian-based Research in Motion (Research) announced the settlement late Friday ahead of a U.S. judge's expected ruling on damages in the case.
Under the settlement, NTP granted RIM the right to keep running its Blackberry business, the company said in a statement.
The agreement has been finalized and NTP's lawsuit against RIM has been dismissed by a court order, the Canadian company said.
The settlement means no further court proceedings or decisions about damages are necessary, RIM said.
.gif)
