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Last updated: December 11th, 2020 at 16:05 UTC+01:00
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According to reports citing Ericsson, the company claims to have complied with its own commitments but Samsung hasn't. The case addresses breaches of FRAND obligations by Samsung and seeks to obtain a ruling by the court that Ericsson has complied with its own commitments.
Ericsson risks losing anywhere between $119.1 and $177.2 million every quarter beginning with Q1 2021 due to the current geopolitical conditions, delayed intellectual property royalty payments and legal costs. The company will seek to recover these expenses when the legal dispute concludes and contracts are agreed upon.
The lawsuit was reportedly filed in the US District Court for the Eastern District of Texas but Samsung has yet to comment on the matter. Meanwhile, Ericsson's shares fell by roughly 6%.
This isn't the first time for Samsung and Ericsson to settle their differences in court. Ericsson also filed a lawsuit against Samsung all the way back in 2012 for similar FRAND-related reasons, and two years later Samsung was forced to pay the Swedish tech company $650 million.
Mihai is a blogger and column writer at SamMobile. His first Samsung phone was an A800 which took a lot of beating, and a part of him still misses the novelty of the clamshell design. In his free time, he enjoys watching shows, documentaries, and stand-up comedy; listening to music, taking walks, and occasionally playing old(er) video games.
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