Market Overview

Tessera, AMD Announce Settlement of Pending Litigation

Related TSRA
Stocks Hitting 52-Week Lows
Invensas Licenses BVA® Vertical Interconnect Technology to Tong Hsing for MEMS Applications
Related AMD
Technical Alert: Advanced Micro Devices Reaches $8 For The First Time Since April 2012
Can You Guess This Chart?
Nvidia's Parker Increases Momentum In Automotive And Mobile AI (Seeking Alpha)

Tessera Technologies, Inc. (NASDAQ: TSRA) (the “Company” or “we”) announced today that its Tessera, Inc. subsidiary has entered into an agreement settling all pending litigation with Advanced Micro Devices, Inc. (NYSE: AMD).

“We are glad to see AMD join us in moving beyond this litigation,” said Bernard “Barney” Cassidy, president, Tessera Intellectual Property Corp.

The specific financial terms of the agreement are confidential. Tessera, Inc. and AMD agreed to dismiss claims and counterclaims between the two parties relating to Tessera, Inc.'s patent infringement claims pending in the United States District Court, Northern District of California. The Company is not providing additional financial guidance in connection with this agreement.

Posted-In: News Legal


Related Articles (TSRA + AMD)

View Comments and Join the Discussion!