Samsung Agrees to Pay $150 Million to Settle Patent Lawsuits Over LED Technology

Samsung Agrees to Pay $150 Million to Settle Patent Lawsuits Over LED Technology

Samsung Electronics has agreed to pay $150 million (roughly Rs. 1,237 crore) to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an investor in its cases said Friday. Nanoco and Chicago-based litigation funding firm GLS Capital said in a release…