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| TSRA > SEC Filings for TSRA > Form 8-K on 2-Jul-2012 | All Recent SEC Filings |
2-Jul-2012
Regulation FD Disclosure, Financial Statements and Exhibits
On June 29, 2012, Tessera, Inc., a wholly-owned subsidiary of Tessera Technologies, Inc. (the "Company"), received a letter from Powertech Technology Inc. ("PTI") that purports to terminate its license agreement with Tessera, Inc. as of June 30, 2012. In the letter PTI also stated that on July 30, 2012 it will make a payment to Tessera, Inc. in protest under the license agreement for the quarter ended June 30, 2012. A copy of the Company's press release regarding the letter from PTI is furnished as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein.
On December 6, 2011, PTI filed a complaint against Tessera, Inc. seeking a declaratory judgment that PTI had the right to terminate its license agreement due to a breach of contract by Tessera, Inc. Tessera, Inc. disagrees with PTI's assertion that Tessera, Inc. has breached the contract, and believes that PTI is not entitled to terminate the licensee agreement pursuant to its terms.
The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release dated July 2, 2012
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