Olympus gives in, settles with Intellectual Ventures
Intellectual Ventures, the giant patent-holding company that's become synonymous with the term "patent troll," says it has settled a contentious infringement suit with camera-maker Olympus.
The suit, filed in Sept. 2011 against Olympus and fellow camera-maker Canon, claimed the companies infringed on nine image sensor patents, the first of which was filed in 1995 and granted three years later. Intellectual Ventures, founded by ex-Microsoft executive Nathan Myhrvold, is still pursuing the case against Canon, as well as a similar suit, filed a month later, against Nikon.
Financial terms of the settlement were not disclosed. But the deal highlights … Read more