RIM Settles BlackBerry Case for $612.5 Mln

Research in Motion has announced $612.5 million settlement with NTP, ending a bitter patent dispute which threatened to shut down U.S. BlackBerry service.

Canada’s Research in Motion announced today it has reached a $612.5 million, definitive settlement with NTP Inc. in the long-running, bitter patent dispute which has repeatedly threatened to shut down BlackBerry wireless service in the United States. According to RIM, “All terms of the agreement have been finalized and the litigation against RIM has been dismissed by a court order this afternoon.”

RIM’s $612.5 settlement