IRVINE, Calif. (AP) -- Wireless communications chip maker Broadcom Corp. has settled a patent dispute with rival CSR PLC to resolve more than two years of legal wrangling.
The companies have agreed not to sue each other for patent infringement for at least five years as part of truce announced Monday. Other settlement terms are being kept confidential.
Broadcom, based in Irvine, Calif., sued a CSR subsidiary for alleged patent violation in May 2008 in a California federal court. CSR, based in England, subsequently fired back with its own allegations of intellectual property theft, including a claim filed two months ago in Delaware federal court.
A trial in the California case had been scheduled to begin late this month. The two companies are now trying to have all their lawsuits dismissed.
Broadcom shares fell 32 cents in Monday's extended trading after finishing the regular session at $45.71, up 82 cents.
The companies have agreed not to sue each other for patent infringement for at least five years as part of truce announced Monday. Other settlement terms are being kept confidential.
Broadcom, based in Irvine, Calif., sued a CSR subsidiary for alleged patent violation in May 2008 in a California federal court. CSR, based in England, subsequently fired back with its own allegations of intellectual property theft, including a claim filed two months ago in Delaware federal court.
A trial in the California case had been scheduled to begin late this month. The two companies are now trying to have all their lawsuits dismissed.
Broadcom shares fell 32 cents in Monday's extended trading after finishing the regular session at $45.71, up 82 cents.