Apple and Samsung CEOs agree to mediation

Summary: Apple and Samsung have agreed to attend a mediation session before they head to court in March over smartphone patents.

Image: The Verge

Reuters reports that the CEOs of Apple and Samsung have agreed to attend a mediation session on or before February 19, ahead of a courtroom battle over smartphone patents scheduled for March.

Apple's and Samsung's legal teams met on January 6 to "discuss settlement opportunities," according to a legal brief revealed by Reuters. The document disclosed that Apple Inc CEO Tim Cook and Samsung Electronics CEO Oh-Hyun Kwon have agreed to attend a mediation session with only in-house lawyers in tow.

Apple and Samsung have gone to trial twice in as many years and juries have awarded Apple a total of $930 million. Reuters notes that Apple paid its law firm $60 million in legal fees to file patent litigation against Samsung.

The mediation could result in a settlement or a possible licensing agreement between the tech titans that could head off a larger, and more expensive legal battle in March. Pending a settlement, Apple Inc v. Samsung Electronics Co Ltd will be heard in U.S. District Court, Northern District of California (docket 11-1846) over Apple's claims that Samsung infringed its patents.

As flowing links from : http://www.zdnet.com/apple-and-samsung-ceos-agree-to-mediation-7000024961/

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