MoSys Inc. said Thursday it will pay $2.4 million to settle all outstanding litigation with UniRAM Technology Inc. related to a trade secret misappropriation and patent infringement suit. Sunnyvale-based MoSys said the suit was filed by Santa Clara-based UniRAM in 2004. Under the settlement agreement, the companies will dismiss all outstanding claims and counterclaims with prejudice. MoSys will pay UniRAM $2.4 million for a release of claims as well as a future fully paid license for itself and all of its licensees.

Posted by GEN-ERIC at 12:05:17 am into the following categories: In The News

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