BlackBerry Awarded $815 Million in Arbitration Case Against Qualcomm
BlackBerry said Wednesday it has been awarded a preliminary $814.9 million in royalty overpayments made to Qualcomm, according to a CNBC report.
“BlackBerry argued that it was overpaying Qualcomm in royalty payments,” writes Todd Haselton. “Last April, BlackBerry and Qualcomm entered discussions to settle the dispute and analyze an existing ‘agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the two parties.'”
Apple also has a suit pending against Qualcomm, claiming the company is “withholding nearly $1 billion in payments from Apple as retaliation for responding truthfully to law enforcement agencies investigating them.”