Industry News

BlackBerry maker, NTP settle for $612.5 million

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Research In Motion Limited (RIM), maker of the BlackBerry mobile device, has settled a lawsuit against it for $612.5 million, the company said Friday. RIM and NTP, a small Virginia-based firm, Friday said that they have signed a definitive licensing and settlement agreement, and the litigation against RIM has been dismissed. Real estate agents are among the most dedicated users of BlackBerries, and have been concerned because the legal actions could have shut down the approximately 4 million BlackBerries used nationally. The wireless devices send and receive e-mail and have small keyboards that replicate that of a PC. The lawsuit filed by NTP against RIM had alleged that RIM's BlackBerry service infringed upon its patents. "All terms of the agreement have been finalized and the litigation against RIM has been dismissed by a court order this afternoon. The agreement eliminates the need for any further court proceedings or decisions relating to damages or injunctive relief," said a sta...