Published: May 26, 2017
Publication: FierceWireless
“An arbitration panel ruled last month that BlackBerry had overpaid Qualcomm in royalty payments from 2010 to 2015 under terms of a licensing deal. Qualcomm was ordered to pay the Canadian company roughly $815 million plus attorneys’ fees and interest.
“Following a joint stipulation by the parties, the arbitration panel has issued a final award providing for the payment by Qualcomm to BlackBerry of a total amount of U.S.$940 million including interest and attorneys’ fees, net of certain royalties due from BlackBerry for calendar 2016 and the first quarter of calendar 2017,” BlackBerry said in a brief press release. “Qualcomm will pay the full amount of the final award on or before May 31, 2017.”