News Article
Cree and SemiLEDs make peace on patent litigation
SemiLEDs has agreed to make a one-time payment to Cree for past damages and to stop the importation and sale of its accused products in the United States
SemiLEDs and Cree have agreed to end their respective patent infringement litigation against each other.
As part of the settlement, SemiLEDs agreed to make a one-time payment to Cree for past damages and to an injunction, effective October 1st, 2012, to stop the importation and sale of SemiLEDs’ accused products in the United States. The parties have agreed to withdraw the remaining claims without prejudice to the right to assert their respective claims in the future.
“The conclusion of the disputes between SemiLEDs and Cree will allow us to now focus our full resources on developing our business and serving our customers. We continue to innovate and are introducing to the market an exciting, new line of LED products,” says Adam Lin, VP of Business Development and General Counsel of SemiLEDs Corporation.
