Bookham settles patent litigation with JDS; will pay up to $8 million
Bookham, the San Jose maker of optical components, said in a filing today it has settled litigation it had set in motion last year when it asked a federal court in San Jose and the International Trade Commission to declare invalid three patents held by JDS Uniphase related to tunable laser products.
As a result of the settlement, Bookham will pay out $3 million in two parts to JDS with the first half due Wednesday and the second a year later. Also, beginning April 10, 2010, Bookham will pay JDS a royalty of up to $1 million per year for up to five years. The parties also agreed to refrain suing each other over patent claims for four year.
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