Wednesday, February 17, 2016
Carnegie Mellon University and Marvell Technology Group Ltd. Reach Settlement
By CMU Media Relations / 412-268-4290 / email@example.com
Carnegie Mellon University and Marvell Technology Group Ltd. today announced that they have settled the patent infringement lawsuit the university filed in 2009. The settlement includes an aggregate payment by the company to the university of $750 million, which, after legal fees and related costs, will be shared with the inventors.