South Korean multinational electronics company, Samsung, finally agrees to pay back giant technology company, Apple (NASDAQ: AAPL), a whopping $548 million by December 14th after the on-going 5 year feud over a patent dispute of infringement and designs. Samsung was sued in the spring of 2011 and in 2012, the court was in favor of Apple due to violations over a couple features such as tap-to-zoom and multi-touch gestures. Apple demanded $2.5 billion but was only granted a bit over a billion dollars. This was then brought down to $930 million and then down to $548 million, this year of May after reevaluations of the incident.
“Samsung continues to reserve all rights to obtain reimbursement from Apple and/or payment by Apple of all amounts required to be paid as taxes. […] Samsung further reserves all rights to reclaim or obtain reimbursement of any judgment amounts paid by Samsung to any entity in the event the partial judgment is reversed, modified, vacated or set aside on appeal or otherwise, including as a result of any proceedings before the USPTO addressing the patents at issue or as a result of any petition for writ of certiorari filed with the Supreme Court. Samsung notes that the Patent Trial and Appeal Board has issued a final decision of invalidity on the ‘915 Patent, and Apple filed a notice of appeal to the Federal Circuit in the USPTO last week," the statement said in full.
Samsung is willing to make cash payments so Apple could finally get off the case, but only if they can secure the right to any compensation if any change happens within the case as well as setting up conditions that would be in favor of Samsung. For Apple, they wrote in a statement that they aren't happy about the conditions and will dispute Samsung’s asserted rights to reimbursement.