But the company says it might want the money back
If you thought the patent battle between Apple and Samsung would finally end with a cash payment, you’re sorely mistaken.
Apple and Samsung filed a joint statement to the U.S. District Court for the Northern District of California on Thursday, saying that Samsung has agreed to pay Apple $548 million over alleged patent violations. The amount is equal to the final settlement amount determined by the courts, but far below the more than $1 billion in damages Apple was initially awarded back in 2012 and even less than the $2.75 billion the company had hoped to collect on Samsung’s alleged infringement.
While in most cases, a settlement payment would spell the end of a court spat, that is not the case in the interminable battle between Apple and Samsung. In its statement to the court, Samsung wrote that it reserves the right to be reimbursed for part or all of the $548 million it’s giving Apple. The company argues that while Apple may hold the cash for now, if patents are deemed invalid or it were to win a case on appeal, it should be allowed to retrieve at least part of its payment.
Apple said only that it “disputes Samsung’s asserted rights to reimbursement.” The company didn’t say why it believes Samsung should not be reimbursed if a “partial judgment is reversed, modified, vacated or set aside on appeal or otherwise.”
Apple declined to comment on the joint statement. Samsung did not respond to a request for comment.