Immersion, the San Jose provider of hardware and software “touch” technologies used in digital devices said in a filing today that its audit committee has begun an internal investigation into “certain previous revenue transactions in its Medical line of business. The company said the investigation is being conducted “with the assistance of outside counsel”.
The company did not rule out the possibility of Read the rest of this entry »
Immersion will pay a $20.75 million one-time payment to Microsoft to settle breach-of-contract charges the software giant brought against the San Jose developer and licensor of touch feedback technology in June 2007.
Microsoft alleged that Immersion breached a sub-license agreement executed in connection with the settlement in 2003 of Immersion’s claims of patent infringement against Microsoft in Immersion v. Microsoft, Sony. Microsoft maintained it was entitled to Read the rest of this entry »
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