Dec 9 - Verizon Wireless (VZ.N) has agreed to settle a lawsuit in which it was previously hit with a $847 million jury verdict for infringing 5G wireless patents, according to a filing in Texas federal court.
Verizon and the plaintiff, patent owner General Access Solutions, said in a joint filing on Sunday, opens new tab that they had resolved their dispute. The filing, which did not describe the settlement's terms, came two days after the start of a court-ordered retrial in the case.
Spokespeople and attorneys for the companies did not immediately respond to requests for comment and more information about the settlement on Monday.
Dallas-based GAS sued Verizon in 2022, arguing that the telecom company's 5G wireless base stations, mobile phones, hotspots and wireless routers violated its patent rights in wireless communications technology developed by startup WestEnd Broadband in the early 2000s.
A jury in Marshall, Texas, determined in June that Verizon infringed two GAS patents and awarded $847 million in damages.
U.S. District Judge Rodney Gilstrap threw out the verdict in September and ordered a new trial, finding that the verdict was "against the great weight of the evidence."
The retrial began on Friday. The companies asked the court on Sunday to pause the case for 30 days while they finalize the settlement.
The case is General Access Solutions Ltd v. Verizon Wireless, U.S. District Court for the Eastern District of Texas, No. 2:22-cv-00394.
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