BlackBerry Awarded $815M in
Arbitration Against Qualcomm
April 12, 2017
BlackBerry has won a binding interim arbitration decision awarding
BlackBerry $814,868,350.00 in royalty overpayments made to Qualcomm
Incorporated. A final award including interest and reasonable attorneys'
fees will be issued after a hearing on May 30, 2017.
April 20, 2016, BlackBerry and Qualcomm entered into an agreement to
arbitrate a dispute regarding whether Qualcomm's agreement to cap
certain royalties applied to payments made by BlackBerry under a license
agreement between the parties. The binding arbitration hearing was held
in San Diego, California from February 27, 2017 to March 3, 2017 under
Judicial Arbitration and Mediation Services rules. BlackBerry was
represented by Sullivan & Cromwell LLP in the proceeding.
"BlackBerry and Qualcomm have
a longstanding relationship and continue to be valued technology
partners," said John Chen, Executive Chairman and CEO of BlackBerry. "We
are pleased the arbitration panel ruled in our favor and look forward to
collaborating with Qualcomm in security for ASICs and solutions for the
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