Samsung to pay Rambus $700 million in settlement
Headline Legal News
Samsung Electronics will pay Rambus Inc. $700 million over five years, and invest another $200 million in the chip design company as part of a settlement ending their legal disputes, the two companies said Tuesday.
Samsung will make an upfront payment of $200 million, and a quarterly payment of about $25 million for the next five years as part of the agreement, the companies said. Samsung also will invest $200 million in Rambus stock.
Under the agreement, Samsung also will license Rambus' patent portfolio "covering all Samsung semiconductor products, including a perpetual fully-paid license to certain DRAM products," the companies said in a release.
Related listings
-
Appellate court overturns Kickapoo conviction
Headline Legal News 01/06/2010A federal appellate court has overturned the conviction of a former tribal casino manager and his family for allegedly stealing from a tribal casino near the Texas-Mexico border. The 5th Circuit Court of Appeals in New Orleans overturned the embezzle...
-
Supreme Court halts release of 2 murderers
Headline Legal News 12/18/2009North Carolina's Supreme Court has temporarily halted the release of two convicted murderers under life sentences.The court granted a request from the state attorney general's office Friday afternoon, shortly before Alford Jones and Faye Brown were s...
-
Guilty plea in Wash. shooting spree that killed 6
Headline Legal News 11/18/2009A man who killed six people, including a sheriff's deputy, in a northwest Washington shooting rampage last year pleaded guilty Tuesday and will spend the rest of his life in a mental hospital or prison.Isaac Zamora entered the pleas to 18 charges, in...
What Is Meant by ‘No-Fault’ Workers’ Compensation in Illinois?
If you were injured in a work-related accident and have been researching workers’ compensation, you may have seen it described as a “no-fault” system. One of the most important things to understand about the workers’ compensation system in Illinois is that it is based on a “no-fault” system. What does this mean, exactly?
Most employers in Illinois are required by law to have workers’ compensation insurance. And the workers' compensation in Illinois is a “no-fault” system, which means that any worker who has been hurt on the job is entitled to workers' compensation benefits. If you have been hurt on the job, you are entitled to workers’ compensation benefits no matter whose fault the accident was.
A no-fault insurance system, such as workers’ comp, works by paying claims regardless of who is to blame for an accident. This provides an important layer of protection for injured workers, sparing them from having to through additional litigation and the through the additional burden of proving who was at fault before receiving benefits.
In Illinois, even though you don’t have to prove that your injury was your employer’s fault, you do have to prove that your injury happened at work or as a result of work. If you would like help to file your workers' compensation claim, Krol, Bongiorno, & Given’s experienced workers' comp lawyers are here to help. With over 60 years of combined legal experience, the KBG law firm is a leader in the field of workers’ compensation law and we have earned the reputation as aggressive advocates for injured workers before the IWCC.