Jury Awards Core Wireless A $0.10 Per Unit Royalty In Patent Litigation Against LG

MARSHALL, TX, March 24, 2016 /PRNewswire/ - A jury in the United States District Court for the Eastern District of Texas has awarded Core Wireless Licensing, a subsidiary of Conversant Intellectual Property Management Inc., $3.5 million in damages after finding that LG Electronics, Inc. and its subsidiary LG Electronics Mobilecomm U.S.A., Inc. infringe two smartphone user-interface patents owned by Core Wireless. The jury's award is for past damages and is based on a $0.10 cent per unit royalty.

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"We are pleased with the verdict," said John Lindgren, Conversant's CEO.  "We thank the court and the jury for their efforts in ensuring that LG compensates Core Wireless for the value of the inventions they are using."

Core Wireless alleged that most of LG's recent smartphones, including its leading LG G4 model, infringe two Core Wireless patents. The jury determined that the patents are infringed and not invalid and awarded Core Wireless past damages based on a reasonable royalty of $0.10 cents per unit, or $3.5 million. Core Wireless will ask United States District Judge Rodney Gilstrap to order LG to pay a $0.10 cent per unit running royalty on all future sales of the infringing products for the remaining life of the patents, which will be in 2027.

The case is Core Wireless Licensing S.a.r.l. v. LG Electronics Inc. et al., Civil Action No.  2:14-CV-911 (E.D.T.X.).  The patents-in-suit are U.S. Patent No. 8,713,476 and U.S. Patent No. 8,434,020. The infringing LG products generally are LG's smartphones sold in the United States since April 2013 that use the Jelly Bean, KitKat, and Lollipop versions of Android. 

About Core Wireless
Core Wireless Licensing Ltd. is an intellectual property management company focused on licensing a major portfolio of wireless patents and patent applications of over 250 patent families, consisting of about 1,700 wireless patents and patent applications that cover technologies used in a wide range of mobile communications devices and services. Core Wireless is a subsidiary of Conversant Intellectual Property Management Inc.

About Conversant
Conversant Intellectual Property Management Inc. is a global intellectual property management company known for its principled approach to patent licensing. With a portfolio of thousands of patents and patent applications under management, Conversant has special expertise in semiconductors and communications technology. For more information, please visit www.conversantip.com.

SOURCE Conversant Intellectual Property Management Inc

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