RIM, NTP reach settlement in BlackBerry case

just in Research In Motion has settled with NTP for $612.5 million in its long-running BlackBerry patent spat.

just in RIM has settled with NTP for $612.5 million in its long-running BlackBerry patent spat.

The news, first reported by the Wall Street Journal and CNBC, was subsequently confirmed by a press release, which stated that all terms of the agreement have been finalized and the litigation against Research In Motion has been dismissed by a court order Friday afternoon. The agreement eliminates the need for any further court proceedings or decisions relating to damages or injunctive relief.

Last week, during a hearing to determine whether an injunction would be imposed on U.S. BlackBerry sales and service, Judge James Spencer scolded patent holder NTP and device maker Research In Motion for not coming to a settlement earlier.

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