LG displays to settle its dispute with Samsung outside court


As if the Samsung – Apple war was not enough, now LG and Samsung are fighting over patent issues. Last year, Samsung had filed a suit against LG Displays, claiming that LG had stolen its OLED technology.



According to an investigation on a probable leak of information from Samsung, the information was traced to LG manufacturers and as a result, Samsung tried to sue the company over patent infringement. In the suit filed, Samsung had accused LG Displays of stealing its OLED (Organic Light Emitting Diode), LCD (Liquid Crystal Display) technology and had claimed compensation in this regard.

In return, recently LG filed a suit against Samsung and banned the sales of Galaxy Tab 10.1 in South Korea. After several rumors circulating on the web that both the companies were trying to sort out a solution, today, it is understood that Samsung as well as LG withdrew their suits over each other. Samsung took the lead and cancelled their existing suit over LG and LG followed this move and removed the ban over the sales of galaxy note 10.1. According a PR released by LG Displays, both the companies are trying to settle their disputes via some amicable solution.

The PR released by LG Display says,

“LG Display [NYSE: LPL, KRX: 034220], a leading innovator of display technology, announced today that it has withdrawn its request for a preliminary injunction in connection to Galaxy Note 10.1 against Samsung Electronics and Samsung Display from the Seoul Central District Court of Korea.

LG Display seeks to stop the consuming dispute with Samsung and to continue its promotion of fair competition. Based on the firm belief that a patent should be fairly assessed as a product of innovation, LG Display seeks an alternative solution through an amicable negotiation with Samsung to clarify the respective rights and duties of each party and analyze the proper value of the patents.”

We can only hope that both the companies settle out their problems soon enough so that they ship their devices on time and we can enjoy our smart phones and tablets in peace.

via Engadget

Source : Yonhap News