Apple, Samsung in final settlement bid before jury deliberates
The CEOs for Apple and Samsung are expected to speak by phone Monday to try to reach a settlement before the jury begins deliberating their patent-infringement case, as is expected later this week.
Under the request of U.S. District Judge Lucy Koh, the two tech chiefs will speak and afterward will report on their conversation to the judge, according to a report.
Apple’s Tim Cook and Samsung’s Kwon Oh Hyun have already met and talked in person earlier this summer to try to settle their differences but have been unable to make progress.
The trial, which began last month, was set in motion last year when Apple sued the South Korean-based company, accusing it of copying its mobile device designs, to which Samsung responded with a countersuit.
Now Apple seeks between $2.5 billion and $2.75 billion in damages from Samsung. Meanwhile, Samsung claims it’s owed $399 million in royalties from Apple.
And though the two companies’ CEOs are scheduled to speak Monday, the lawyers for both sides have not slowed down and are still filing motions about exhibits and jury instructions with the court, according to a Bloomberg report.
If the companies cannot come to an agreement soon, the jury could begin deliberating as early as Tuesday, according to the report.
Your guide to our new economic reality.
Get our free business newsletter for insights and tips for getting by.
You may occasionally receive promotional content from the Los Angeles Times.