License and Settlement Agreement with Elpida relating to Qimonda's patent portfolio
(firmenpresse) - Qimonda AG i.I. / Key word(s): Enterprise/
License and Settlement Agreement with Elpida relating to Qimonda's
patent portfolio
DGAP-Media / 31.05.2011 / 17:19
License and Settlement Agreement with Elpida relating to Qimonda's patent
portfolio
Munich, May 31, 2011. Dr. Michael Jaffé, the insolvency administrator over
the estate of Qimonda AG, reached a settlement and license agreement with
the Japanese memory chip manufacturer Elpida Memory, Inc., Tokyo.
Insolvency proceedings over the estate of Qimonda AG were opened on April
1, 2009 at the Munich District Court and Dr. Michael Jafféwas appointed
insolvency administrator. Qimonda AG markets one of the largest
semiconductor IP portfolios in the world including some 4,500 patent
families.
The settlement and license agreement allows Elpida to use Qimonda's patents
world wide. Elpida will withdraw from litigation pending in the U.S.
between Qimonda's administrator and several semiconductor and
information-technology manufacturers.
This settlement is the first resolution of claims brought by licensees of
Qimonda AG's patent portfolio. After a U.S. Bankruptcy Court recognized
Qimonda AG's German insolvency proceedings as a foreign main proceeding
under Chapter 15 of the US Bankruptcy Code, a group of licensees, including
Elpida, Samsung Electronics Co., Ltd., Intel Corp., Infineon Technologies
AG, Micron Technology Inc., Hynix Semiconductor Inc., IBM Corp. and Nanya
Technology Corp., asserted that the U.S. Bankruptcy Court should order that
licenses shall continue with respect to Qimonda's U.S. patents under U.S.
law, despite the insolvency administrator's election of non-performance
under German law. That proceeding - from which Elpida will now withdraw as
an objector - is still pending.
The terms and conditions of the license and the settlement amount are
confidential.
Further Information:
JAFFÉRechtsanwälte Insolvenzverwalter (Lawyers&Insolvency
Administrators) is one of the leading German law firms in the domain of
insolvency administration as well as the conduct of related proceedings.
The law firm, founded by Dr. Michael Jaffé, specializes on handling complex
insolvency proceedings, often involving groups of companies operating
internationally and the worldwide exploitation of intellectual property
assets. JAFFÉRechtsanwälte Insolvenzverwalter operates out of seven
offices across Germany. Dr. Michael Jaffégained international acclaim as
insolvency administrator of KirchMedia, one of the largest European media
groups.
Insolvency administrator
Dr. jur. Michael JafféLawyer
Specialist in Tax Law
Specialist in Insolvency Law
Franz-Joseph-Str. 8
80801 Munich / Germany
Media contact
Sebastian Brunner
Phone: +49 (0)89 600881560
Email: FSBrunner(at)aol.com
Cell: +49 (0)175 5604673
End of Media Release
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127031 31.05.2011
Datum: 31.05.2011 - 17:19 Uhr
Sprache: Deutsch
News-ID 34286
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Kategorie:
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