LG and Panasonic Settle Plasma Dispute

Reuters is reporting that the two feuding companies have decided to settle their dispute over plasma technology.

“South Korea’s LG Electronics Inc. and Japan’s Matsushita Electric Industrial Co. filed lawsuits against each other last year, claiming infringements on patents related to plasma technology. Thesuits have led to a halt of imports of LG panels into Japan and Matsushita panels to South Korea.

The two companies have been holding talks and are expected to agree on a settlement that would require LG to pay royalties to Matsushita while allowing each firm access to some of the other’s patents, the Nihon Keizai Shimbun said. “

Read more at Reuters