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Articles tagged with: settlement

Winklevoss Twins Finally Drop Suit Against Facebook

The Winklevoss twins have finally decided to drop their long legal case with Facebook and Mark Zuckerberg, and accept the earlier $65 million settlement. For those of you who aren’t familiar with the name, Winklevoss, these twins supposedly gave Zuckerberg the ‘idea’ to create Facebook and felt that Zuckerberg stole their idea.

They have been going to court for over 7 years over Facebook, hoping to strike it rich and earn a much larger percentage of Facebook’s value. Thankfully, they have decided to drop their case and I hope, also drop their resentment towards Mark.

Nokia Takes Down Apple In Patent Case

Nokia has announced today that Apple has agreed to pay them a one-time settlement and continuous license fees for Nokia-owned patents, which ends a long-standing battle that Apple had started back in 2009. Both companies have also agreed to retract prior complains from the U.S. International Trade Commission.

The CEO of Nokia stated, “We are very pleased to have Apple join the growing number of Nokia licenses…This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.”

What Happens When You Over Charge The Government??

Six months after being forced to pay back customers for incorrect billing practices, Verizon has settled yet another claim and this one with none other than the U.S. Government for $93.5 million. The fine comes after Verizon overcharged the General Services Administration (GSA) for taxes and various surcharges. The MCI Communications unit (a Verizon subsidiary) provided the GSA with both voice and data services. The charges includes claims that Verizon submitted falls reimbursements for property taxes, recovery charges and surcharges which were not allowed.