u-blox: u-blox Moves Court Venue Against InterDigital to Delaware

Rhea-AI Summary

u-blox has decided to pursue a FRAND license lawsuit against InterDigital in the Delaware Court of Chancery and dismiss the case in the Southern District of California. The Delaware Court of Chancery is known for faster case schedules. u-blox aims to create value for customers and expects a faster resolution.

Positive

• u-blox is committed to obtaining a FRAND license from InterDigital, reducing litigation risk for customers and protecting their business.

Negative

• None.

u-blox remains committed to obtaining a license from InterDigital on Fair, Reasonable and Non-Discriminatory ("FRAND") terms.

THALWIL, SWITZERLAND / ACCESSWIRE / October 27, 2023 / u-blox (SIX:UBXN), a global provider of leading positioning and wireless communication technologies and services, has made the decision to pursue a FRAND license lawsuit against InterDigital (NASDAQ:IDCC) in the Delaware Court of Chancery and to dismiss the case in the Southern District of California.

The Delaware Court of Chancery provides an efficient venue for the resolution of this dispute because the parties involved are incorporated in Delaware and the court is known for setting case schedules that are faster than the Federal Courts.

"u-blox respects the intellectual property rights of others and has always been and continues to be a willing licensee to standard essential patents (SEPs) under FRAND conditions, ultimately reducing the risk of litigation for our customers and protecting their business," said Andreas Thiel, Head of Product Centers, Co founder, u-blox. "We proactively decided to move the case to the Delaware Court of Chancery, because we are committed to this strategy. We aim to create value for our customers and expect the venue change to allow a much faster resolution of the issue."

About u-blox

u-blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. ( www.u-blox.com )

u-blox media contact:

Natacha Seitz
Senior Manager PR and Content Marketing
Mobile +41 76 436 0788
natacha.seitz@u-blox.com

SOURCE: u-blox AG

View source version on accesswire.com:
https://www.accesswire.com/797083/u-blox-u-blox-moves-court-venue-against-interdigital-to-delaware

FAQ

What is u-blox's decision regarding the FRAND license lawsuit against InterDigital?

u-blox has decided to pursue the lawsuit in the Delaware Court of Chancery and dismiss the case in the Southern District of California.

Why did u-blox choose the Delaware Court of Chancery?

u-blox chose the Delaware Court of Chancery because it provides an efficient venue for resolving the dispute and has faster case schedules.

What does u-blox aim to achieve with this strategy?

u-blox aims to create value for customers and expects a faster resolution of the issue.