BlackBerry and Nokia have a pretty long history of disputes but for now, at least one disagreement has come to a conclusion as BlackBerry has been ordered to pay Nokia approximately $137 million stemming from issues of payments not made to Nokia under a patent license contract. Still, the battles between the two are not quite over yet.
"BlackBerry is disappointed that the Court of Arbitration did not agree with our arguments in the case but we accept their decision," the company said in a prepared statement issued this morning. "This ruling does not change BlackBerry's assertion that Nokia is infringing on our intellectual property and we are continuing to vigorously pursue legal remedies in both the U.S. and Germany."
The separate case mentioned in the BlackBerry statement refers to the complaint filed back in February where BlackBerry noted that the company 'seeks to obtain recompense for Nokia's unauthorized use of BlackBerry's patented technology' alleging that Nokia's networking gear, including its Flexi Multiradio base stations, radio network controllers, and Liquid Radio software, infringes 11 BlackBerry patents. In other words, the tides could easily turn and Nokia could end up handing some of that $137M right back to BlackBerry at some point.
BlackBerry Accepts Ruling of International Chamber of Commerce International Court of Arbitration in Payment Dispute Filed by Nokia
WATERLOO, ONTARIO--(Marketwired - Dec. 1, 2017) - BlackBerry Limited (NYSE:BB)(TSX:BB) today announced that the International Chamber of Commerce's International Court of Arbitration has ruled against the company in a contract dispute with Nokia Corporation.
On April 28, 2016, Nokia filed a Request for Arbitration with the International Chamber of Commerce International Court of Arbitration. The dispute related to whether certain payments allegedly due under a patent license contract between the companies are in fact owed to Nokia under the terms of the agreement. On November 29, 2017, the arbitration panel awarded Nokia approximately $137 million.
The dispute did not involve any allegations of IP infringement and BlackBerry is continuing to pursue patent infringement claims against Nokia via suits filed in both Germany and the U.S.
In a prepared statement the company said: "BlackBerry is disappointed that the Court of Arbitration did not agree with our arguments in the case but we accept their decision. This ruling does not change BlackBerry's assertion that Nokia is infringing on our intellectual property and we are continuing to vigorously pursue legal remedies in both the U.S. and Germany."
BlackBerry will record the amount of the award as a one-time GAAP-only charge.
About BlackBerry BlackBerry is a cybersecurity software and services company dedicated to securing the enterprise of things. Based in Waterloo, Ontario, the company was founded in 1984 and operates in North America, Europe, Asia, Australia, Middle East, Latin America and Africa. The Company trades under the ticker symbols "BB" on the Toronto Stock Exchange and "BB" on the New York Stock Exchange. For more information, visit www.BlackBerry.com.