$750M Settlement for Carnegie Mellon in Patent Suit

Marvell Technology Group has agreed to pay Carnegie Mellon University $750 million to settle a patent lawsuit the university filed against the company in 2009, the university announced. A federal appeals court in August partially vacated a judge's earlier ruling that Marvell pay Carnegie Mellon $1.169 billion for willfully infringing two patents for a chip technology. Read more...