Tessera, Sony Settle Litigation, Terms Confidential

Tessera Technologies TSRA today announced that its Tessera, Inc. subsidiary has reached a settlement with Sony Corporation SNE in its breach of contract action against Sony in the United States District Court for the Northern District of California. The terms of the settlement were identified by the court as confidential. The Company intends to provide additional details of the terms of the settlement after the parties enter into a definitive settlement agreement, subject to the terms of such agreement. Safe Harbor Statement This document contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation See full press release