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$750M Settlement for Carnegie Mellon in Patent Suit

February 19, 2016
 
 

Marvell Technology Group has agreed to pay Carnegie Mellon University $750 million to settle a patent lawsuit the university filed against the company in 2009, the university announced. A federal appeals court in August partially vacated a judge's earlier ruling that Marvell pay Carnegie Mellon $1.169 billion for willfully infringing two patents for a chip technology.

The university said it would probably receive about $250 million after the two researchers who developed the technology receive their share of the proceeds and legal expenses are paid. A "broad consensus" exists that much of that money should be used to make the university more affordable to students, said the university's president, Subra Suresh.

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