AAPL Apple Inc

By Maria Armental 

Apple Inc. and Samsung Electronics Co. have settled a yearslong dispute focused on whether Samsung's phone designs violated Apple's patents.

Terms of the agreement weren't disclosed, but the companies filed a notice in California federal court on Wednesday saying that they had reached an resolution and agreed to drop the legal case with prejudice, meaning another complaint can't be filed on the same claims.

Apple declined to comment, referring instead to its comment last month after a federal jury decided the South Korean electronics giant violated patents related to Apple's iPhone design. Samsung was ordered to pay $539 million.

"We believe deeply in the value of design," the company said at the time. "This case has always been about more than money. Apple ignited the smartphone revolution with iPhone, and it is a fact that Samsung blatantly copied our design."

Samsung didn't immediately respond to a request for comment.

Among some of the issues that had remained outstanding were Apple's request for supplemental damages and prejudgment and post-judgment interest. All those issues are now over.

The legal dispute that pitted the two major players in the smartphone business dates to 2011 when Apple accused Samsung of stealing key elements of Apple's iPhone, which accounts for roughly two-thirds of its sales and has helped make the company the world's most valuable public company.

(END) Dow Jones Newswires

June 27, 2018 16:53 ET (20:53 GMT)

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