AU Optronics, Sharp Drop Lawsuits, Sign Patent-Sharing Agreement

Date : 04/15/2011 @ 2:53AM
Source : Dow Jones News
Stock : AU Optronics Corp American Depositary Shares (AUO)
Quote : 4.66  0.1 (2.19%) @ 12:05AM

AU Optronics, Sharp Drop Lawsuits, Sign Patent-Sharing Agreement

AU Optronics (NYSE:AUO)
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AU Optronics Corp. (2409.TW) and Sharp Corp. (6753.TO) said in a joint statement Friday they will drop all the pending lawsuits the companies filed against each other and sign an agreement to share some liquid-crystal-display patents.

Earlier this year, AU Optronics and Sharp filed separate lawsuits against each other in the U.S., claiming their LCD patents were infringed.

-By Aries Poon, Dow Jones Newswires; 886-2-25022557; aries.poon@dowjones.com

 
 

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