Tag - Settlement
Apple is ending an investigation into its tax affairs by Italian authorities, by paying a settlement of €318 million ($347.5 million) to the country, far less than it could have ended up paying. The payment effectively ends Italy's probe into Apple's local subsidiary's finances, with authorities suspecting Apple of tax fraud by failing to comply with local tax laws for a five-year period ending in 2013.
Pandora is paying the RIAA $90 million, to settle a lawsuit concerning the streaming of song recordings produced before 1972. At the same time as the settlement announcement, the streaming service's latest financial results report has been greeted poorly, with the stock price for Pandora dropping considerably in after-hours trading, after it suffered a third-quarter loss that may have been caused by the introduction of Apple Music, among other factors.
In a surprise move, Google and Microsoft have agreed to settle and dismiss all pending patent infringement litigation between the two companies dating back to 2010, and say they have "agreed to collaborate on certain patent matters and anticipate working together in other areas in the future to benefit our customers." The action will terminate some 20 active lawsuits filed in both the United States and Germany, though financial terms between the the parties was not disclosed. The action includes cases originally brought against or by Motorola Mobility.
Apple and Samsung have agreed to participate in court-supervised mediation to try and finally find a settlement sum satisfactory to both parties over the first of their two US patent trials, which originally ended with a judgement against Samsung for $1.05 billion. Through various legal actions, that sum has been whittled down to half of its original amount, and is about to be re-scrutinized yet again in yet another damages retrial. The two companies will be meeting with a new judge sometime on or before November 15.
A battery technology company that suffered an exodus of key employees to Apple has now told a court that it and Apple are in the final stages of working out a settlement. A123 Systems filed suit against Apple in February after the iPhone maker recruited A123's former chief technical officer, Mujeeb Ijaz, who then allegedly led a poaching effort that persuaded a handful of very key scientists and engineers to jump ship to Apple as well -- leading A123 to halt several research projects due to the brain drain.
After our recent story two weeks ago about litigation being brought against Apple for poaching battery engineers and scientists from A123 Systems (an automotive and vertical-market energy research firm), Apple has informed the judge in the case that it is seeking a settlement and is in talks with the company. Apple had recruited former A123 Chief Technical Office Mujeeb Ijaz, who then helped Apple poach several of his former colleagues from A123.
A posting by the Federal Trade Commission (FTC) today describes a settlement between it and Texas software developer, Focus Education. The complaint, filed by the FTC, was over statements made by Focus on its website and infomercials regarding the benefits of playing its iFocus System "brain training" games.
More specifics have been revealed in the second proposed settlement offer from Apple, Google, Intel and Adobe in a lawsuit stemming from the companies' informal "no poaching" agreement. The new proposal has the four companies willing to pay a combined $415 million, up from the previous settlement's $324.5 million, to end the anti-trust lawsuit. US Federal District Court Judge Lucy Koh will need to approve the proposal before it can be finalized.
A new settlement offer has been tendered in what's come to be known as the "anti-poaching" lawsuit against four of Silicon Valley's biggest tech companies. Apple, Google, Intel, and Adobe were among those originally involved in a "gentlemen's agreement" that the companies would not actively try to recruit or poach employees from each other -- however once the conspiracy came to light, employees complained that the agreement limited opportunities and suppressed wages.
The judge in the New Hampshire-based bankruptcy court overseeing the legal wrangle between Apple and its former sapphire production partner GT Advanced Technologies has signed off on a revised agreement between the two companies that is intended to stave off additional court proceedings that could tie up the matter for years, from creditors who were concerned that Apple was getting paid first. The new deal doesn't change the fundamental tenets of the agreement, but allows other creditors more funds from the first sales of GT Advance's furnaces.