InterDigital, Inc. (NASDAQ:IDCC) Files An 8-K Other Events
Item 8.01.Other Events.
Asustek Actions
On December 20, 2018, the U.S. District Court for the Northern District of California (the “Court”) issued an order on the parties’ motions for summary judgment filed on August 16, 2018. The order was filed provisionally under seal in order to provide an opportunity for the parties to propose redactions of confidential information before release of a public version. InterDigital’s motion was granted in part and denied in part. The Court: (1) granted InterDigital’s motion as to Asustek Computer Incorporated (“Asus”) being judicially estopped, due to Asus’s prior inconsistent positions, from arguing that the parties’ April 2008 patent license agreement (“2008 Asus PLA”) is “non-FRAND”; (2) denied as moot InterDigital’s motion as to issue preclusion preventing Asus from re-litigating issues decided in the parties’ arbitration; (3) granted InterDigital’s motion that as a matter of law, Asus cannot void the binding and enforceable 2008 Asus PLA; (4) denied InterDigital’s motion as to Asus’s Sherman Act claim; and (5) granted InterDigital’s motion as to Asus’s promissory estoppel and California UCL claims. The Court denied Asus’s summary judgment motion in its entirety.
Huawei China Proceedings
On December 24, 2018, InterDigital was notified that the Chinese Supreme People’s Court (the “SPC”) granted InterDigital’s petition for retrial of the October 16, 2013 Guangdong Province High Court decision which affirmed a Shenzhen Intermediate People’s Court ruling that the royalties to be paid by Huawei for InterDigital’s 2G, 3G and 4G essential Chinese patents under Chinese law should not exceed 0.019% of the actual sales price of each Huawei product. The SPC also issued a mediation order that terminated the proceeding. The SPC’s grant of InterDigital’s retrial petition suspends enforcement of the decision of the Guangdong High Court and, combined with the SPC’s issuance of the mediation order, effectively vacates the Guangdong High Court’s decision.
About InterDigital, Inc. (NASDAQ:IDCC)
InterDigital, Inc. designs and develops technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company’s subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The Company is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.
