Apple, Broadcom may have reached 'potential settlement' in CalTech patent case
David McNew/Getty Images News
Apple (NASDAQ:AAPL) and Broadcom (NASDAQ:AVGO) may have reached a "potential settlement" in a patent lawsuit the tech duo have been entangled with from the California Institute of Technology for years.
According to a federal court filing obtained by Reuters, the trio have been ordered to file a joint status by August 18.
In June, Apple (AAPL) and Broadcom (AVGO) were denied a hearing by the U.S. Supreme Court as the duo tried to have the nation's top court hear their argument over the patent infringement case.
Last year, the U.S. Court of Appeals for the Federal Circuit threw out an earlier verdict from a jury that awarded Caltech $1.1B from the companies, including $878M from Apple, and sent the case back for a new trial to determine the damages.
At the time, the appeals court said the award was not justified by the record.
The U.S. tech giants have previously argued they should have been allowed to discuss the challenges to the patents at the previous trial.
The original judgement was handed down in January 2020 after a federal jury in Los Angeles determined Apple (AAPL) and Broadcom (AVGO) infringed on patents owned by the university that were related to Wi-Fi used in iPhones and other Apple devices.
The case is Apple vs. California Institute of Technology, 22-203
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