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IDCC > SEC Filings for IDCC > Form 8-K on 24-Dec-2013All Recent SEC Filings

Show all filings for INTERDIGITAL, INC.



Other Events

Item 8.01. Other Events.

On December 23, 2013, InterDigital and Huawei reached a settlement agreement to enter into binding arbitration to resolve their global patent licensing dispute. The agreement is based on an expedited process leading to a license on terms set by the arbitration panel, with the arbitration process expected to be complete before the end of 2014.

Pursuant to the settlement agreement, InterDigital and Huawei will move to dismiss all litigation matters pending between the parties, including the two U.S. International Trade Commission investigations and related U.S. district court proceedings as they relate to Huawei, and including withdrawal by Huawei of its various antitrust complaints, but excluding the action filed by Huawei in China to set a FRAND rate for the licensing of InterDigital's Chinese standards-essential patents. The terms of the settlement agreement permit InterDigital to further appeal, through a petition for retrial in the Chinese Supreme People's Court, this Chinese court decision relating to InterDigital's Chinese standards-essential patents.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding InterDigital's expectation that the arbitration process and resulting patent license will be complete before the end of 2014. Words such as "will," "expects," "believes," and variations of such words or similar expressions are intended to identify such forward-looking statements.

Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors, including, the terms of the final arbitration procedures and any subsequent changes thereto. InterDigital undertakes no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

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