OSA-Direct
Thursday, 23 Nov 2017

Samsung and LG are reported to have reached agreement to end all legal disputes on IP

In a joint statement the two companies have said they will also refrain from making further legal disputes and make efforts to settle issues through dialogue and consultation

31 Mar 2015 | Editor

According to news on the Yon Hap news website Samsung Group and LG Group are reported to have agreed to bring their legal and patent disputes to an end. This truce is expected to conclude the bitter dispute that has raged between the two companies for several years as they each asserted and counter asserted allegations of technology theft and vandalism.

Under the agreement, two disputes between Samsung Electronics Co. and LG Electronics, and another between Samsung Display Co. and LG Display will end "unconditionally."

The four companies involved have agreed to jointly take all necessary steps to end the dispute, and pleaded to the legal authorities to be lenient with those employees who have been accused during the course of the on-going disputes.

In a joint statement the two companies have said "We will also refrain from making more legal disputes and make efforts to settle issues through dialogue and consultation."
A Samsung spokesperson said, "There has not been any compensation exchanged between the two groups," a Samsung spokesman said. "The decision was made by top executives, and aims to bring better services and products to consumers."

Also see - "Talks between Samsung and LG Display over patent cooperation stalls"

english.yonhapnews.co.kr    www.lgdisplay.com    www.samsung.com   

login

cintelliq logo