Samsung, LG call off lawsuits in patent dispute -- report
The companies are reportedly planning to resolve their disputes through dialogue, instead of through court proceedings.
Samsung Display and LG Display have decided to settle their patent disputes through dialogue and not court proceedings, a new report out of Korea claims.
Yonhap News reported today that Samsung and LG executives met at a hotel in Seoul to discuss their lawsuits. After leaving that meeting, Samsung Display CEO Kim Ki-nam told Yonhap that the companies will "resolve the issue one by one." LG Display CEO Han Sang-beom said the executives will continue to hold discussions.
In November,, saying that LG's patents "lack innovation" and therefore should be invalidated by Korea's intellectual property tribunal.
The saga between the companies previously took a darker turn when 11 current and former Samsung Mobile employees were arrested on charges that they allegedly stole and leaked details to LG about Samsung's AMOLED TV. That theft allegedly included six LG workers and occurred in 2010 and 2011.
CNET has contacted Samsung and LG for comment on the patent dispute. We will update this story when we have more information.